Eastern Mortgage Capital, Burlington, Mass., provided $40.5 million in permanent financing for Vantage St. Pete, a 211- unit mid-rise apartment community in St. Petersburg, Fla.
Category: News and Trends
MBA Chart of the Week June 20, 2023: Mortgage Credit Availability Index
According to data from MBA’s May 2023 Mortgage Credit Availability Index (MCAI), we saw the third consecutive month of declining credit availability, as the industry continued to see more consolidation and reduced capacity as a result of the tougher market.
MBA Advocacy Update June 20, 2023
This week’s top legislative and policy news from the Mortgage Bankers Association.
Critical Defect Rate Drops in Q4 2022, ACES Finds
ACES Quality Management, Denver, found the overall critical defect rate declined to 1.84% in Q4 2022.
FHFA Issues 2022 Report to Congress
The Federal Housing Finance Agency released its 2022 Report to Congress Thursday.
MBA Education Names Rodrigo Lopez, CMB, to Head the Commercial/Multifamily Future Leaders Program
MBA Education announced Rodrigo Lopez, CMB, Chairman of AmeriSphere Companies and MBA’s 2017 Chairman, will lead its Commercial/Multifamily Future Leaders Program beginning October 17, 2023.
Jon Maynell from iEmergent: Think Your Market Is a Barren Desert? Look Again
Sure, you could acquire more companies or recruit hotshot producers to grow-but those strategies take a lot of resources, and their success is far from guaranteed. What if, instead, you found a hidden opportunity within your existing footprint?
MBA Comments on HUD COVID-Related Loss Mitigation Report
The HUD Office of the Inspector General issued two audit reports Thursday examining the loss mitigation options that loan servicers provided to borrowers with FHA-insured loans after their COVID-19 forbearance ended.
Quote: June 20, 2023
“Purchase activity for newly built homes was strong in May, with builders continuing to bring homes to the market and buyers keen to act on available units. Applications for purchase loans were up on a monthly basis and increased annually for the fourth consecutive month. Our estimate of new home sales also jumped in May, up 16 percent to the fastest pace of new home sales in 15 months.”
–MBA Vice President and Deputy Chief Economist Joel Kan.
Dive Deep into Mortgage Company Benchmarking June 21-22
Join MBA’s Research & Economics team online for a deep dive behind the data during our one-of-a-kind Single-Family Research & Economics Showcase. Led by MBA Chief Economist Mike Fratantoni, this two-day online event highlights the most current results and insights from our popular residential surveys, forecasts and reports.