Median single-family home and condo prices increased from the first quarter to the second in 61 percent of Opportunity Zones around the country, according to ATTOM, Irvine, Calif.
Category: News and Trends
Sponsored Content: PCV Murcor Offering Property Data Collection
PCV Murcor, a nationwide real estate valuations management company, is pleased to announce its addition as an approved service provider for data collection field services to support Fannie Mae’s value acceptance + property data.
Freedom Mortgage, Radian Group Inc. Commit $1.1 Million to MBA Opens Doors Foundation
The MBA Opens Doors Foundation announced that Freedom Mortgage and Radian Group Inc. have each extended their four-year commitment of support to the MBA Opens Doors Foundation, cementing the Foundation’s alliance with Children’s Hospital of Philadelphia (CHOP).
CONVERGENCE: Navigating the Obstacles in Multifamily Housing: Perspectives from the Affordable Rental Housing Advisory Council–Aug. 29
The demand for affordable housing continues to outstrip supply, and steep rental increases exacerbate the problem. Policy measures alone won’t solve these issues. MBA members have sought innovative ways to address the ongoing challenges in this space.
Aug. 24: Current Expected Credit Losses (CECL) Updates
Current Expected Credit Losses (CECL) is designed to reduce volatility for banks and deliver predictable and consistent returns for investors. With the variation of adoption dates, some as early as …
Quote: Aug. 23, 2023
“Treasury yields continued to spike last week as markets grappled with illiquidity and concerns that the
resilient economy will keep inflation stubbornly high. This spike pushed mortgage rates higher last week,
with the 30-year fixed rate increasing to 7.31 percent – the highest level since December 2000.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
MISMO Releases Updated Reference Model Version 3.5 YAML Files
MISMO, the real estate finance industry’s standards organization, today announced that an updated set of Reference Model Version 3.5 YAML Files has reached “Candidate Recommendation” status, which means that it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.
Industry Briefs Aug. 24, 2023
Industry briefs include a notice from federal agencies that aid for those affected by the Hawaii wildfires is ongoing, as well as releases from Asurity Partners, Cenlar and Firstline Compliance.
MBA Weekly Survey Aug. 23: Mortgage Applications Decrease
Mortgage applications decreased 4.2 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 18, 2023.
Sept. 7: Recent LO Comp Enforcement and Supervisory Activity
The Consumer Financial Protection Bureau recently published its Summer 2023 Supervisory Highlights and maybe most importantly for mortgage lenders, there are potential significant changes to how the LO Comp rule is interpreted. Join MBA and industry experts as we walk through the current understanding of the LO Comp guidance and what it means for your policies and procedures.