“Residential building material costs are still more than 40% higher than pre-pandemic levels, making construction more expensive.”
–Odeta Kushi, First American
Category: News and Trends
Quote of the Day
“We urge you to support this bipartisan solution for consumers and promptly advance this commonsense
proposal through your respective committees.”
–Letter from MBA and a coalition of industry groups on trigger leads legislation
MBA, Industry Groups Send Letter on Homebuyers Privacy Protection Act
MBA, along with a number of other trade associations, sent a letter to leadership of the Senate Committee on Banking, Housing & Urban Affairs and the House Committee on Financial Services, expressing strong support for the reintroduction of the Homebuyers Privacy Protection Act.
82% Consider Homeownership Part of the American Dream, Bankrate Finds
More than eight in 10 Americans consider homeownership to be part of the American Dream, up from 78% last year and 74% in 2023, according to Bankrate, New York.
People in the News, April 18, 2025
Industry personnel news from First American, Panorama Mortgage Group, Class Valuation, Truework, Westcor, Click n’ Close, Longbridge Financial, Citywide Home Mortgage and CMG Home Loans.
Judith Ricks Joins MBA as Associate Vice President, Commercial Real Estate Research
MBA announced that Judith Ricks has joined the association as Associate Vice President, Commercial Real Estate Research. In this role, Ricks will develop and oversee MBA’s extensive research and analysis that covers commercial real estate finance markets.
MISMO Spring Summit: June 9-12 in Boston
MISMO Summits allow you to network and collaborate with your industry colleagues while learning the latest updates on mortgage industry standards. Your participation helps make the digital future possible.
Dealmaker: Berkadia Secures $32M for Salt Lake City Apartments
Berkadia, Ambler, Pa., secured a $31.5 million bridge loan for sponsor Midtown Capital to complete The Astoria, a 149-unit apartment community in Salt Lake City, Utah.
Snapdocs: More Lenders Offer eClosing, but Adoption Lags
Snapdocs, San Francisco, released its 2025 State of eClose Adoption Report, finding that 90% of lenders now offer digital closing to their customers. That compares with 74% in 2023.
Fannie Mae HPES Predicts Home Price Growth Will Moderate
Fannie Mae, in partnership with Pulsenomics, Acton, Mass., released its Home Price Expectations Survey for the first quarter.