This week’s top legislative and policy news from the Mortgage Bankers Association.
Category: News and Trends
Chart of the Week: Target and Projected Fed Funds Rate
Federal Open Market Committee (FOMC) projections from the June 2025 meeting show that members expect increases in both the unemployment rate and inflation throughout the course of this year, as well as slightly weaker economic growth.
Premier Member Editorial: Digital, Not Soulless–Why Great Loan Officers Matter in the Age of AI
Some say the modern borrower wants an entirely online mortgage experience. But most homebuyers don’t want to go it alone when it comes to homebuying, Floify’s Jason Mapes writes.
Hidden Costs of Homeownership Average $21,400 Annually, Bankrate Reports
The average hidden costs associated with homeownership for a single-family home in the United States total $21,400 annually, a new study from Bankrate found.
CoStar, Tourism Economics Downgrade Hotel Forecast
CoStar, Washington, D.C., and Tourism Economics, Philadelphia, downgraded their hotel-sector growth projections in a revised 2025-2026 U.S. hotel forecast.
MBA Expresses Concern to Senate Leadership About Section 899 of One Big Beautiful Bill Act
MBA on Wednesday sent a letter to Senate Majority Leader John Thune (R-SD) and Senate Finance Committee Chair Mike Crapo (R-ID) outlining its concerns about Section 899 of the One Big Beautiful Bill Act.
Planning for Commercial Building Grows, Dodge Finds
The Dodge Momentum Index grew 3.7% in May to 211.2, indicating an increase in planning for both commercial and institutional buildings, the Dodge Construction Network reported.
Maximize Your MBA Membership: Spotlight on Education, June 23
As an MBA member, you and your company have access to a wide range of valuable education and training resources. Join us for a free webinar on Monday, June 23, …
Industry Briefs, June 23, 2025
Industry news from Matic, Floify, Dark Matter, Xactus and ICE.
Quote of the Day
“While we appreciate the intent of Section 899, we are concerned that without appropriate tailoring, the higher tax rates of the provision, and – even with the delay – the threat of them, will choke important investment and lending in American communities.”
-MBA Senior Vice President of Legislative and Political Affairs Bill Killmer