The Mortgage Bankers Association introduces a new three-part virtual series, Voices: Courageous Conversations with Women of Color, beginning Tuesday, Jan. 12.
Category: News and Trends
MBA Chart of the Week: Net Migration by Metropolitan Status
This week’s MBA Chart of the Week shows net migration by metropolitan status over the past five years. The green line shows that the net movement into nonmetropolitan areas has hovered around zero, growing by an average of 19,000 migrants (nationally). On the other hand, metropolitan areas absorbed more than 5.7 million migrants over this period.
MBA Year-End Advocacy Update
In 2020, MBA was at the forefront of advocacy for the real estate finance industry.
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“Going into the new year, it will truly be out with the old, because there will be very few homes from 2020 left on the market. So those who resolve to buy a home in 2021 may need to wait with bated breath for sellers to list their homes.”
–Redfin chief economist Daryl Fairweather.
Lenders Adapting to New Market Dynamics
Marcus & Millichap, Calabasas, Calif., said the commercial real estate lending landscape has improved from the pandemic’s early days, when lenders and investors paused to assess the coronavirus’s impact.
MBA Year-End Advocacy Update–Dec. 24, 2020
In 2020, MBA was at the forefront of advocacy for the real estate finance industry.
November New Home Sales Down 11%
Sales of new single-family houses in November fell to a seasonally adjusted annual rate of 841,000, the Census Bureau and HUD reported yesterday. This is 11 percent below the revised October rate of 945,000, but is 20.8 percent higher than a year ago (696,000).
FHFA Issues Proposed Rulemaking Notice on GSE Resolution Plans
The Federal Housing Finance Agency this week issued a Notice of Proposed Rulemaking that would require Fannie Mae and Freddie Mac to develop credible resolution plans, also known as living wills.
Housing Market Roundup, Dec. 24, 2020
It’s almost the end of a year many of us would like to forget—unless, of course, we’re a mortgage banker. Here’s a summary of a plethora of reports that crossed the MBA NewsLink desk in the past few days:
Fannie Mae, Freddie Mac To Extend Multifamily Forbearance Through March 31
The Federal Housing Finance Agency, Washington, D.C., announced yesterday Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through March 31, 2021.