Six federal agencies on Sunday issued a joint statement encouraging financial institutions to “work constructively” with borrowers affected by the coronavirus pandemic and said they “will not criticize” loan modifications made in a “safe and sound” manner.
Category: News and Trends
MBA Advocacy Update
MBA continues to monitor the potential spread and impact of the coronavirus. In this week’s communication, you will find several updates pertaining to industry efforts to provide relief to both our members and their customers. Also in this week’s communication, you will find several critical updates related to other industry activities.
February Existing Home Sales Hit 13-Year High
Existing home sales rebounded in February to their highest level since Feb. 2007, the National Association of Realtors reported Friday.
The Week Ahead
From our cave to yours, welcome to the new week.
MBA Chart of the Week: Year-to-Date Returns for REIT Stocks
How the health, social and economic impacts of the coronavirus outbreak flow through to commercial and multifamily properties remains clouded in uncertainty – mainly because of the uncertainty about the virus itself and our public and private responses to it. One thing that is clear is that different property types and different markets will be affected differently.
MBA Cancels Conferences through May
The Mortgage Bankers Association announced it has canceled the following conferences through May amid the continuing coronavirus pandemic:
MBA Coronavirus Resource Center Update
Federal Deposit Insurance Corp. Chair Jelena McWilliams, in a Mar. 19 letter to the Financial Accounting Standards Board, urged FASB to delay or postpone implementation of its current expected credit losses accounting rules.
MBA Recognizes Select Members
MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.
MBA Recognizes Premier 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.
Zillow: Home Value Growth Ends 21-Month Slowdown
First the good news: Zillow, Seattle, reported after a nearly two-year slowdown, year-over-year home value growth rose in February. The typical home value in the U.S. is now $247,084, a 3.9% increase from a year ago, according to the February Zillow Real Estate Market Report.