“Borrowing and lending backed by commercial real estate properties remained muted in the first quarter of 2024.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
Category: News and Trends
ICE Mortgage Monitor: Q1 Sees Record Levels of Tappable Equity
Intercontinental Exchange Inc., Atlanta, released its ICE Mortgage Monitor report for May, finding that homeowners with mortgages closed out the first quarter with a record $16.9 trillion in equity–$11 trillion of which was tappable.
Industry Briefs, May 8, 2024
Industry news from Skyline Property Insight, Truv, BeSmartee, Vesta and Xactus.
Bridging the Homeownership Gap Through Collaborative, Collective Efforts [Sponsored Content from MGIC]
There’s something different in the air.
Within the last 3 to 4 years, there’s been a genuine interest and growth in cross-sector collaboration on solving the persistent disparities that exist in homeownership rates between white and minority households.
Mortgage Credit Availability Increased in April
Mortgage credit availability increased in April according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
MBA Chart of the Week: Mortgage Payment to Rent Ratio
MBA recently released its March Purchase Applications Payment Index data which revealed that homebuyer affordability took another hit in March with the typical homebuyer’s monthly payment eclipsing $2,200 for the first time in the series.
Quote: May 7, 2024
“Mortgage servicers are committed to the successful launch and long-term viability of the VASP program and realize its potential to help struggling Veterans. Achieving these goals and setting up an effective VASP program will require all stakeholders to execute a complex loss mitigation and servicing transfer process. We are concerned with the lack of information and guidance on how to do so.”
–From an MBA/Housing Policy Council letter to the Department of Veterans Affairs
MBA, Other Housing Trade Groups Applaud Launch of Bipartisan Congressional Real Estate Caucus
A number of groups thank Reps. Mark Alford (R-Mo.), J. Luis Correa (D-Calif.), Tracey Mann (R-Kan.), and Brittany Pettersen (D-Colo.) for launching the Bipartisan Congressional Real Estate Caucus.
MBA, HPC Send Letter to VA on VASP Implementation
The Mortgage Bankers Association and Housing Policy Council recently sent a letter to the Department of Veterans Affairs (VA) regarding more information and guidance about implementation of the Veterans Affairs Servicing Purchase (VASP) program.
June 25-26: MBA’s Single-Family Research Showcase 2024
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.