As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health.
Category: News and Trends
MBA Advocacy Update Sept. 14, 2020
With Congress (most notably the Senate) unable to reach consensus on the passage of any additional COVID-related economic relief, MBA sent a letter last Tuesday to the CFPB responding to the Bureau’s proposed rule revising the General QM definition. The letter explains MBA’s support for the price-based QM construct, and offers several recommendations to help ensure the rule meets its stated goals of robust consumer protections and broad access to sustainable credit.
MBA Chart of the Week: Commercial Chapter 11 Filings By Month
As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health.
Mortgage Rates Fall to Record Low
The 30-year fixed-rate mortgage averaged 2.86 percent last week, the lowest rate since at least 1971, reported Freddie Mac, McLean, Va.
Properties with Foreclosure Filings Uptick as Pandemic Continues
ATTOM Data Solutions, Irvine, Calif., reported nearly 10,000 U.S. properties with foreclosure filings in August, up 11 percent from a month ago but down 81 percent from a year ago.
MBA Education Path to Diversity Scholar Profile: Jeannie Sosebee, AMP
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Go West, Young Mortgage Banker: 2020 Western States CREF Conference Recap
Last Wednesday kicked off the California Mortgage Bankers Association’s 23rd Annual Western States CREF, this year the conference was delivered as a two-day virtual experience on September 9 and 10.
New Home Sellers Join Market as High Demand Persists
The high buyer demand/rising prices drumbeat kept its rhythm into September as buyers scooped houses off the market at record rates, said Zillow, Seattle.
CBRE: Net-Lease Comprises Bigger Share of Much Lower CRE Investment
CBRE, Los Angeles, said net-lease investment fell significantly in the second quarter but comprised the highest share of total volume on record amid a sharp pandemic-related commercial real estate investment activity decline.
Former Ambassador Andrew Young Keynotes MBA Annual20
Former U.N. Ambassador to the United Nations Andrew Young keynotes an important General Session at MBA Annual20, which runs online Oct. 19-21.