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.
Category: News and Trends
New MBA White Paper Analyzes Commercial Real Estate Market Trends, Outlook
The Mortgage Bankers Association this morning released a new white paper, Where From Here?, which examines current economic trends and commercial/multifamily real estate market conditions and summarizes recent comprehensive data–by property type and capital source–reported by MBA’s research team.
MBA Advocacy Update
On Thursday, the Financial Stability Oversight Council issued its 2019 Annual Report on the state of financial markets and potential emerging risks. On Tuesday, HUD published two Mortgagee Letters that raise FHA forward mortgage limit “floors” and “ceilings,” as well as the maximum claim amount for HECMs. Last week, FASB issued an update on new CECL standards.
The Week Ahead
The Mortgage Bankers Association releases its quarterly Commercial/Multifamily Mortgage Debt Outstanding report this Tuesday, Dec. 10; its Weekly Applications Survey this Wednesday, Dec. 11; and its monthly Builder Applications Survey this Thursday, Dec. 12.
November Hiring Defies Expectations
Total nonfarm payroll employment rose by a better-than-expected 266,000 in November, the Bureau of Labor Statistics reported Friday.
MBA Chart of the Week: Average Loan Size to First-Time Home Buyers
On average, the size of a first-time home buyer’s mortgage was $231,974 in the first three quarters of 2018, based on loan acquisitions data from Fannie Mae and Freddie Mac. This represents a 4.2% increase over the average size of $223,000 for mortgages to first-time home buyers originated in 2017 and an acceleration from the 1.8% annual gain in 2016.
Financial Stability Oversight Council Annual Report Describes ‘Emerging Threats’ to U.S. Financial Stability
The Financial Stability Oversight Council issued its 2019 Annual Report, which outlines “significant financial market and regulatory developments” and “potential emerging threats to U.S. financial stability.”
FHA Raises 2020 Forward, Reverse Loan Limits
The Federal Housing Administration published Mortgagee Letter 2019-19 and Mortgagee Letter 2019-20, which raises the maximum mortgage limits for FHA-insured Title II forward mortgages and Home Equity Conversion Mortgages.
MBA Premier Member Profile: LoanLogics
LoanLogics, Trevose, Pa., is a recognized leader in loan quality management technology and services for mortgage manufacturing and loan acquisition.
Wolters Kluwer: ‘Substantial Risk, Compliance Concerns’ Remain for U.S. Lenders
Wolters Kluwer, Minneapolis, issued its 2019 Regulatory & Risk Management Indicator, which noted despite a 10-point improvement from 2018, “notable” regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions.