The Mortgage Bankers Association weighed in yesterday at the House Financial Services Committee’s Subcommittee on Housing and Insurance hearing on housing affordability, governmental barriers and market-based solutions.
Category: News and Trends
Urban Institute: How Housing Counselors Are Navigating Challenges
The Urban Institute, Washington, D.C., released research on the experiences of HUD-certified housing counselors who mobilized to serve renting families during the pandemic and their reflections on the evolving needs of renters post-pandemic.
MBA Opens Doors Foundation Receives More Than $216,000 From Radian Group’s Annual Fundraising Campaign
The MBA Opens Doors Foundation announced it has received $216,090 from Radian Group’s Opens Doors Opens Hearts campaign.
Industry Briefs, Dec. 8, 2023
Industry news from Floify, Insellerate, Snapdocs and CBC Mortgage Agency.
Dealmaker: Gantry Secures $30M For Multifamily, Retail Assets
Gantry, San Francisco, secured $29.8 million in two transactions in Montana and California.
Brian Webster From NotaryCam: Transforming Home Equity Lending–Why Mortgage Lenders Should Embrace eClosings
Home equity lending is back. According to the Mortgage Bankers Association’s Home Equity Lending Study, originations of open-ended Home Equity Lines of Credit and closed-end home equity loans increased by 50% in 2022 compared to 2020.
Quote: Dec. 8, 2023
“With price gains continuing to help homeowners build wealth, equity has reached a new high and regained losses that resulted from declines last year.”
–Selma Hepp, Chief Economist for CoreLogic.
ATTOM: California, New Jersey, Illinois Have Highest Concentrations of At-Risk Markets
California, New Jersey and Illinois have the highest concentrations of the most-at-risk markets in the country, according to ATTOM, Irvine, Calif.
CoreLogic: Homeowner Equity Up 6.8%
CoreLogic, Irvine, Calif., found U.S. homeowners with mortgages’ equity has increased by $1.1 trillion since this time last year, a 6.8% gain year-over-year.
KBRA CMBS Outlook: Cloudy, With a Glimmer of Hope
Kroll Bond Rating Agency, New York, just released its CMBS 2024 Sector Outlook, which forecasts U.S. issuance activity for the new year and highlights key credit trends from 2023. MBA NewsLink interviewed KBRA’s Larry Kay and Andrew Foster to get their views on the current lending environment and property fundamentals as well as factors that may affect overall property performance in 2024.