The Pew Charitable Trusts, Philadelphia, found small mortgages to purchase low-cost homes–defined as those priced below $150,000–have become increasingly scarce.
Category: News and Trends
Miki Adams of CBC Mortgage Agency: How Down Payment Assistance Has Evolved Over Past Decade
Miki Adams is president of CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers.
May CPPI Indexes Show Large Drops From 2022
MSCI, New York, reported its RCA CPPI index dropped 11.2% year-over-year and 1.2% from April, as commercial property pricing for all major sectors continued to post annual declines in May.
To the Point with Bob: Regulators: Take Steps to Recognize Warehouse Lenders’ Important Role in Today’s Housing Finance Market
This is a difficult time for the housing industry, and those challenges extend to all corners—not only mortgage lenders but also the warehouse lenders, vendors, title companies, and real estate agents that support the housing and mortgage finance ecosystem.
July 20: Make the Most of Your MBA Membership: Level Up Your Engagement
Learn how you can leverage MBA’s resources to reach your business goals, discover new ways to fast track your access to member benefits, and meet the dedicated faces behind MBA’s Membership team who are here to support you.
MBA Advocacy Update June 26, 2023
This week’s top legislative and policy news from the Mortgage Bankers Association.
Black Knight: Past-Due Mortgages Approach Record Lows, Serious Delinquencies Continue to Improve
Black Knight, Jacksonville, Fla., reported the national delinquency rate fell 11 basis points in May to 3.1%, the lowest level it’s hit other than a record of 2.92% in March.
Quote: June 27, 2023
“Even in this challenging market, millions of new mortgages will be originated this year. The warehouse lending community has more than enough capacity to fulfill that demand. Regulators can help by taking steps that recognize the important role warehouse lenders play in today’s efficient housing finance market.”
–MBA President and CEO Robert Broeksmit, CMB
FHFA: More Than 6.7M Troubled Homeowners Helped During Conservatorships
Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions in the first quarter, the Federal Housing Finance Agency reported Friday.
Dealmaker: Greystone Arranges $425M Construction Loan for Residential Tower in Long Island City
Greystone, New York, arranged a $425 million construction loan for a new mixed-use development with BLDG Management Co. in Long Island City, New York.