Learn how lenders are managing loan quality and maintaining compliance amid new Fannie Mae policies and compliance challenges.
Category: News and Trends
Quote: June 27, 2024
“Homebuyer affordability conditions improved in May as slightly lower mortgage rates and an uptick in housing inventory slightly eased the recent rise in application payment amounts.”
–Edward Seiler, MBA Associate Vice President of Housing Economics and Executive Director of the Research Institute for Housing America
Dealmaker: Berkadia Secures $400M Construction Loan for The Residences at Six Fisher Island
Related Group, Teddy Sagi and BH Group received a $400 million construction loan for The Residences at Six Fisher Island from Madison Realty Capital.
Redfin: Fewer Than Half of Renters Make Enough for Median-Priced Apartment
Redfin, Seattle, released a new report finding that just 39% of renters make enough to afford the median-priced apartment nationwide.
Quote: June 26, 2024
“MBA has been the leading industry voice since late 2022 in calling out the lack of transparency regarding the rising costs of the tri-merge credit reports, credit scores, and other credit reporting products, especially given the unique market structure and lack of options for obtaining credit reports and credit scores.”
–Mortgage Bankers Association President & CEO Robert D. Broeksmit, CMB, discussing MBA advocacy about credit reporting costs.
MBA Single-Family Research Showcase Wraps Up Today
A two-day online event, the Single-Family Research & Economics Showcase highlights the most current results and insights from MBA’s residential surveys, forecasts and reports.
GSEs Completed 52,154 Foreclosure Prevention Actions in 1Q, FHFA Finds
Fannie Mae and Freddie Mac completed more than 52,000 foreclosure prevention actions in the first quarter, bringing the total to nearly 7 million since the start of conservatorships, the Federal Housing Finance Agency reported.
Zillow: Housing Deficit Continues to Grow
Zillow, Seattle, released an analysis revealing the U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021.
MISMO Announces New Additions to Board of Directors
MISMO, the real estate finance industry’s standards organization, today announced two new additions to its Board of Directors: Patrick Hartford, Vice President, Architecture and Engineering, at Rocket Mortgage, and Giuseppe “Joe” Lucido, Senior Vice President, Operations, at United Wholesale Mortgage.
mPower presents Empowering Women of Color: Breaking Barriers and Navigating Corporate Culture–June 26
In a world where corporate culture can pose unique challenges for women, particularly women of color, it’s essential to equip yourself with the knowledge and strategies needed to thrive.