Even when minorities do become homeowners, research shows that homeownership delivers fewer benefits than it does for white families—including significantly less home equity. Yet there are steps we as an industry can take toward leveling the playing field.
Category: News and Trends
MBA Opens Doors Foundation Kicks Off 2021 Fundraising Season with More than $2.7 Million in Donations
The MBA Opens Doors Foundation announced it received $2.71 million in corporate and individual donations during its two-day FY 2021 fundraising campaign, which began on September 8.
Affordable Areas Outside Big Cities Heating Up
Relatively inexpensive areas outside major cities, such as El Dorado County, just east of Sacramento, Calif., and Camden County, N.J., across the river from Philadelphia, are gaining ground with homebuyers as New York City and San Francisco lose steam, according to a report from Redfin, Seattle.
MBA Opens Doors Foundation Kicks Off 2021 Fundraising Season with More than $2.7 Million in Donations
The MBA Opens Doors Foundation announced it received $2.71 million in corporate and individual donations during its two-day FY 2021 fundraising campaign, which began on September 8.
MBA LIVE: Virtual Annual Convention & Expo Oct. 19-21; Early Registration Deadline Sept. 30
MBA is gearing up for its first-ever virtual Annual Convention & Expo. Taking place October 19-21 via MBA LIVE, attendees can connect whenever they want, from wherever they want.
Atlanta Fed’s Brian Bailey, CRE, Dishes on Commercial Real Estate Risks
With just under two decades wearing different hats in the commercial real estate industry before joining the bank, Bailey is a CRE subject matter expert in the Atlanta Fed’s Supervision, Regulation and Credit division. In addition to previous roles as an appraiser, consultant and property developer, Bailey holds CCIM and CRE designations. MBS Newslink interviewed Bailey to get his perspective on the current environment.
August Existing Home Sales at 14-Year High
Existing home sales reached their highest level since before the Great Recession, the National Association of Realtors reported yesterday.
Dealmaker: JLL Provides $238 Million for Office, Multifamily
JLL Capital Markets provided nearly $148 million in acquisition funding for a suburban New Jersey office portfolio and $90 million in acquisition and renovation funding for multifamily properties in Pennsylvania and California.
Mortgage Applications Rise 7% in MBA Weekly Survey
Despite a jump in key mortgage interest rates, mortgage applications increased from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending September 18.
Quote
“The strong interest in homebuying observed this summer has carried over to the fall. Despite the uptick in rates, refinance applications increased around 9 percent and were almost 86 percent higher than last year. Both conventional and government refinance activity, and in particular FHA refinances, picked up last week.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.