Today, fewer Americans are able to join the Homeowner Dream Club that my father, market intelligence pioneer Dennis Hedlund, wrote about in MBA’s Mortgage Banking magazine 11 years ago.
Category: News and Trends
MBA Advocacy Update: Hill Hearings Recap on Housing Affordability and Large Banks; MBA Letter to CFPB on Servicing Modernization
This week’s top legislative and policy news from the Mortgage Bankers Association.
PACE Loan Group’s Rafi Golberstein: Get Cap Stack Flexibility, Look-Back Capital and Quick Closing with C-PACE
Especially in today’s volatile interest rate climate, C-PACE gives property owners a way to infuse creativity into their capital stack and reduce costs while meeting the market’s demand for sustainability.
Growth of Medtech, Biomanufacturing Continues to Provide Real Estate Opportunities, JLL Says
JLL, Chicago, released analysis on specific growth in the life sciences industry, pinpointing the medtech and biomanufacturing sectors as benefiting nearby markets.
Today: California’s Corporate Climate Data Accountability Act (MBA Webinar)
Join MBA and industry experts for a look at how this bill, along with related legislation signed by the governor, requires companies operating in California to provide data on the climate impact of their operations or face penalties. Both efforts create a complex reporting and accounting regime for companies to navigate, and MBA members doing business in California will need to understand these new requirements.
Patrick O’Brien of LenderLogix: Mortgage Lenders Gain Home Field Advantage in Higher Rate Environment
There is good news about the current interest rate reality, and it plays to our industry’s longer-term benefit, if lenders play it with discipline and creativity.
Fannie Mae: Housing Sentiment Stuck in Low-Level Plateau
Only 14% of consumers believe this is a good time to buy a home, a new Fannie Mae Survey found.
Jobs Increase in November, Unemployment Rate at 3.7%
Total nonfarm payroll employment increased by 199,000 in November, and the unemployment rate now sits at 3.7%, the U.S. Bureau of Labor Statistics reported.
Quote: Dec. 11, 2023
“As in recent months, job growth has been concentrated in just a few sectors, notably health care, government, and leisure and hospitality, while employment is little changed or declining in other sectors.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni
CreditXpert Sponsored Content: If Millennials Aren’t Buying Homes, Where Can Lenders Find Opportunity in this Market?
It’s common knowledge that Millennials are primed to be the next wave of homebuyers, stepping into their first homes, and laying down roots. However, a deep dive into macroeconomic data paints a very different picture.