Fannie Mae’s Home Purchase Sentiment Index for August remained fairly flat month-to-month, with consumers continuing to be pessimistic about housing.
Category: News and Trends
Black Knight: Nearly a Quarter of Homebuyers Face $3,000 Payments or More
Monthly mortgage payments between $2,000 and $3,000 have rapidly become the norm in today’s housing market in the face of spiking interest rates and historically high home prices, reported Black Knight, Jacksonville, Fla.
Dealmaker: Stonehill Provides $52M Construction Loan for Phoenix-Area Multifamily
Stonehill’s commercial real estate group, Stonehill CRE, Atlanta, announced a $52 million senior loan facility to Starpoint Properties for a multifamily site in Mesa, Ariz., near Phoenix.
Industry Briefs Sept. 8, 2023
Industry briefs from CV3 Financial Services, FundingShield, Advocus National Title Insurance Co. and MortgageFlex.
Sept. 10-12: MBA Compliance and Risk Management Conference in DC
Compliance officers and inside and outside counsel will find the content they know and trust at the Mortgage Bankers Association’s Compliance and Risk Management Conference.
MISMO Issues Call for Participants to Join New Workgroup Focused on Data Mapping for VA Documents
MISMO, the real estate finance industry’s standards organization, is calling for industry professionals to join a new development workgroup focused on creating document dataset specifications to align with the U.S. Department of Veterans Affairs’ Loan Guaranty Program forms.
Quote: Sept. 8, 2023
“In recent years, housing inventory constraints and home-price appreciation have resulted in rising average loan balances for single-family homeownership. Yet, financing lower balance loans is an essential way for the mortgage industry to facilitate access to affordable, lower-valued homes.”
–MBA’s Vice President of Industry Analysis Marina Walsh, CMB.
Entrust’s Chris Tammen: Zero Trust is a Foundation for Securing a Modern Remote Workforce
While the pandemic pushed many in the mortgage industry to accelerate their digital transformation efforts and work-from-home arrangements, remote work has had considerable effects on the cost of a breach, especially for institutions employing a traditional perimeter-based approach to network security.
Multifamily Permitting Falls, RealPage Analytics Notes
RealPage Analytics, Richardson, Texas, reported the seasonally adjusted annual rate for multifamily permitting fell 32.2% year-over-year in July, per an analysis of Census Bureau data.
CampusDoor’s Sara Parrish: Why the Resumption of Student Loan Payments Matters to Mortgage Lenders
Should the end of the pandemic-related pause on federal student loan payments matter to mortgage lenders? Sara Parrish, President of Incenter company CampusDoor, says “Absolutely yes” in an interview with MBA Newslink.