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Category: News and Trends
Top 10 Ways to Engage with MBA CREF
It’s that time of year again. The annual renewal invoices for your trade association memberships arrive. You think about how you leveraged memberships over the past year but it’s likely that your company could have done more to get the most out of it. Here are a few suggestions on how commercial/multifamily members can effectively leverage Mortgage Bankers Association resources to get the most benefit from your firm’s membership.
FHFA Delays Refi Fee Implementation to Dec. 1
The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.
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“We welcome today’s announcement from the FHFA amending the recently announced Adverse Market Refinance Fee from Fannie Mae and Freddie Mac. Extending the effective date will permit lenders to close refinance loans that are in their pipelines and honor the rate lock commitments they made to their borrowers, ensuring that economic relief in the form of record low interest rates will continue to flow to consumers.”
–MBA President and CEO Robert Broeksmit, CMB.
FHFA Delays Refi Fee Implementation to Dec. 1
The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.
State Regulators Seek Industry Input on MLO Licensing Test
State financial service regulators launched a survey of licensed mortgage loan originators yesterday to gather information on various job functions as part of a process to validate the nationwide licensing exam.
COVID is Accelerating CRE Trends
Kroll Bond Rating Agency, New York, said the COVID-19 pandemic accelerated many commercial real estate trends already in progress.
Consumer Confidence Falls to 6-Year Low
The Conference Board, New York, reported its Consumer Confidence Index fell for the second straight month in August to a six-year low.
July New Home Sales Hit 13-Year High
Sales of new single-family houses in July posted another strong double-digit gain, jumping to their strongest pace since 2006, HUD and the Census Bureau reported yesterday.
Strong Fundamentals Keep Home Prices on Steady Rise
S&P Dow Jones Indices, New York, said S&P CoreLogic Case-Shiller Indices showed U.S. home prices rose by 4.3 percent annually in June, unchanged from May.