Five federal agencies on Thursday issued a proposed regulation that would codify a 2018 guidance clarifying that supervisory guidance does not have “force and effect of law.”
Category: News and Trends
MBA Chart of the Week: Indexed Levels of GDP
This week’s chart compares the 2008-2010 Great Recession (left), to the recent pandemic-driven recession (right), to illustrate the differences in consumer spending and in both nonresidential and residential investment.
Sponsored Content from ServiceLink: Is It Time to Shift from Appraisal Self-Management to an AMC Model?
Lenders face considerable challenges managing their in-house panels in the current mortgage environment. AMCs offer solutions.
Hotel Development Slips But Remains Robust
The U.S. hotel construction pipeline dipped during the third quarter but remains “robust,” said Lodging Econometrics, Portsmouth, N.H.
MBA Chart of the Week: Indexed Levels of GDP
This week’s chart compares the 2008-2010 Great Recession (left), to the recent pandemic-driven recession (right), to illustrate the differences in consumer spending and in both nonresidential and residential investment.
Sponsored Content from ServiceLink: Is It Time to Shift from Appraisal Self-Management to an AMC Model?
Lenders face considerable challenges managing their in-house panels in the current mortgage environment. AMCs offer solutions.
LBA Ware: Heavy Loan Volumes Keeps LO Compensation Elevated
LBA Ware, Macon, Ga., releases its third quarter Mortgage Loan Originator Compensation Reports, showing commissions earned by LOs increased by 50% from a year ago, because the average LO funded 51% more volume in the third quarter ($2.6 million per month) than a year ago ($1.7 million per month).
3Q Homeownership Rate Falls by 0.5%
Despite a jump in home purchase activity this summer—but also perhaps because of the coronavirus pandemic—the U.S. homeownership rate slipped by 0.5 percent in the third quarter, the Census Bureau reported Thursday.
The Week Ahead
It’s been one of those years…but there is light at the end of the tunnel. Tomorrow is Election Day, the culmination of a most unusual (and nasty) election campaign with the presidency, 35 Senate seats and all 435 House seats (plus territories) up for grabs.
MBA Advocacy Update Nov. 2, 2020
On Wednesday, HUD extended FHA’s appraisal and reverification of employment flexibilities through December 31. On Tuesday, MBA submitted comments in response to the proposed interagency flood insurance Q&A jointly issued by the OCC, the Federal Reserve, FDIC, NCUA and FCA. Also on Tuesday, MBA issued a call to action to MAA members in Pennsylvania urging Gov. Tom Wolf to approve legislation (HB 2370) that would permanently enable the use of RON in the state.