Quote

“MBA condemns the vicious, lawless mob that descended on the U.S. Capitol today and wreaked havoc on our democratic process. Their actions were abhorrent and not representative of the ideals and character of America. The United States’ democracy is the model for the world; those who deliberately undermine or disrespect it, or who fail to protect it, should be ashamed. ”
–MBA President & CEO Robert Broeksmit, CMB.

MBA: Share of Mortgage Loans in 2-Month Holding Pattern

The Mortgage Bankers Association’s Forbearance and Call Volume Survey showed little change over the holiday season–and in fact, has shown little change over the past two months.

Mortgage Applications Drop over Holidays

Despite near-record low interest rates, Americans had the holidays in mind and not mortgages, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the weeks ending Dec. 25 and Jan. 1.

Hudson Institute Webinar on RIHA Paper this Friday

The Hudson Institute, Washington, D.C., will hold a webinar this Friday, Jan. 8, to discuss a recent Research Institute for Housing America paper on distribution of household wealth since the Great Recession.

CMBS Market Musings–Not Out of the Woods?

As the commercial real estate finance market experienced fits and starts last year, no capital source provided more transparency into commercial real estate than CMBS with its monthly investor reporting and credit rating agency coverage creating a window into market performance and challenges for certain retail and hospitality assets.

People in the News Jan. 7, 2021

CBC Mortgage Agency, Cedar City, Utah, promoted Miki Adams to president. Adams takes over from Richard Ferguson, who will work on developing new affordable housing initiatives.