Yardi Matrix, Santa Barbara, Calif., released its data on multifamily rents in August, finding that they were essentially flat, with just a $1 drop to $1,741 from July. Year-over-year growth was unchanged at 0.8%.
Category: News and Trends
Freddie Mac Announces Diana Reid as CEO
Freddie Mac announced that Diana Reid will serve as CEO, effective immediately.
Optimal Blue: Revolutionizing Capital Markets with AI [Sponsored]
Optimal Blue’s AI assistants tackle real-world challenges lenders face by combining value-driven innovation with mortgage expertise.
MAA Quarterly Webinar: 2024 Elections Preview on Sept. 17
The Mortgage Action Alliance’s (MAA) “Advocacy in August” campaign helps you stay engaged this election season and connect with your elected officials while they are back in their states and districts during the Congressional Recess.
Preparing for the Proposed Regulation X Rule to Streamline Loss Mitigation-ICE’s Vicki Vidal
Adding to the significant changes in loss mitigation products and policies this year, the Consumer Financial Protection Bureau has published a proposed rule that revamps the current loss mitigation rules.
Quote: Sept. 10, 2024
“Credit availability increased in August, with the conventional credit index reaching its highest level since July 2022. This was driven by increased cash-out refinance and non-QM programs.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Mortgage Credit Availability Increased in August
Mortgage credit availability increased in August according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
Commercial Mortgage Delinquency Rates Increased in the Second Quarter
Commercial mortgage delinquencies increased in the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
Fannie Mae HPSI Up Slightly in August
Fannie Mae released the results of its Home Purchase Sentiment Index for August, finding it increased 0.6 points to 72.1.
Melissa Kozicki from Mortgage Cadence–How Compliance Enables Innovation and Optimization
In today’s fiercely competitive mortgage environment, dynamic risk management through an opportunistic compliance lens is a competitive advantage.