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“Homeowner equity has more than doubled over the past decade and become a crucial buffer for many weathering the challenges of the pandemic. These gains have become an important financial tool and boosted consumer confidence in the U.S. housing market, especially for older homeowners and baby boomers who’ve experienced years of price appreciation.”
–Frank Martell, president and CEO of CoreLogic, Irvine, Calif.

May Mortgage Credit Availability Increases by 1.4%

Mortgage credit availability increased in May to its highest level since the onset of the coronavirus pandemic, but remained well below its 2019 peak levels, the Mortgage Bankers Association reported Thursday.

MBA CONVERGENCE Partner Profile: Cheryl Muhammad, Assured Real Estate Services

Cheryl Muhammad is owner and CEO of Assured Real Estate Services, Memphis, Tenn., which she founded in 2005. She is responsible for the company’s day-to-day operations. She has been an award-winning full-time real estate agent since 1999. She serves as Co-Chair of the CONVERGENCE Memphis Information and Trust Gap Workstream.

MBA DEI Leadership Awards: Nomination Deadline Aug. 13

The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards. Nomination deadline for this year’s awards is Aug. 13.

May Mortgage Credit Availability Increases by 1.4%

Mortgage credit availability increased in May to its highest level since the onset of the coronavirus pandemic, but remained well below its 2019 peak levels, the Mortgage Bankers Association reported Thursday.