Home prices continued to increase at a modest rate this spring, according to the S&P CoreLogic Case-Shiller Home Price Indexes.
Category: News and Trends
GSEs Extend Multifamily Forbearance
The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will allow servicers to extend forbearance agreements for multifamily property owners with existing forbearance agreements.
MBA Recognizes Premier, Select Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
Technology Talk: Q&A with SS&C’s Bob Wright, CMB, CCMS
MBA NewsLink interviewed Bob Wright, CMB, CCMS,about SS&C Technologies’ work-from-home experience and his experience with Coronavirus.
Supreme Court Rules Independent CFPB Director Unconstitutional
A divided Supreme Court on Monday ruled the current structure of the Consumer Financial Protection Bureau, with power resting with a single director, is unconstitutional, but stopped short of allowing the Trump Administration to dismantle the agency.
MBA, Partners Launch CONVERGENCE Affordable Housing Initiative in Memphis
A year ago, the Mortgage Bankers Association launched a strategic initiative to help develop stronger and more effective affordable housing partnerships in both the policy and business arenas. Recently, MBA put that commitment to work in Memphis.
Keith Soura of Blend on the Future of APIs and MISMO
Keith Soura is a Platform Engineer with Blend, San Francisco, responsible for development of Blend’s core platforms, including APIs and event-driven architecture that power customer and partner integrations.
MBA Education Path to Diversity Scholar Profile: Sharon Wortman
(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.)
Quote
“MBA believes that severing the provision related to the independence of the CFPB’s Director was the appropriate remedy if the Court found the Bureau’s structure to be unconstitutional. While we may not agree with every action the Bureau has taken in the past, today’s ruling will ensure the Bureau’s rules that our members and the nation’s consumers have come to rely on remain in place. We look forward to continuing conversations on the best structure for the CFPB as it fulfills its important statutory mandates to create strong consumer protections and promote financial opportunity.”
–MBA President & CEO Robert Broeksmit, CMB, on yesterday’s Supreme Court ruling on the constitutionality of the structure of the Consumer Financial Protection Bureau.
May Pending Home Sales Back in Happy Place
Pending home sales mounted a record comeback in May, the National Association of Realtors said yesterday, jumping by more than 44 percent after two monthly declines stemming from the coronavirus pandemic.