Last week, more than 400 state/local leaders and rank-and-file MBA members assembled in Washington to meet elected officials and key congressional staffers on Capitol Hill.
Category: News and Trends
CBRE: Office Sublease Space Nearly Doubles Since Pandemic
CBRE, Dallas, said office sublease space has nearly doubled since the COVID pandemic began in early 2020, ushering in hybrid working arrangements.
CoreLogic: 20M Houses at High Risk from Severe Convective Storms
Twenty million single-family homes are at high risk from severe convective storms, reported CoreLogic, Irvine, Calif.
MBA Chart of the Week Apr. 21, 2023–New Home Applications, Average Loan Size
This week’s MBA Chart of the Week delves into builder applications by loan size, to illustrate how the mix of the new home market has changed since 2014.
Housing Market Roundup Apr. 24, 2023
Here is a summary of housing market reports that have come across the MBA NewsLink desk:
People in the News Apr. 24, 2023: CBC Mortgage Agency Adds Alicia Wood as Director of Servicing
CBC Mortgage Agency, Cedar City, Utah, hired Alicia Wood for the newly created position of director of servicing and asset management.
Dealmaker: Eastern Union Secures $11M for Ohio Shopping Centers
Eastern Union, New York, arranged $10.9 million in acquisition financing for two neighborhood shopping centers in Mentor, Ohio.
To the Point with Bob: FHFA Needs a Better Plan on Loan-Level Pricing Fees
On March 15, the Federal Housing Finance Agency announced that it would postpone the implementation of loan-level pricing adjustment fees that would be based on a borrowers’ debt-to-income ratio in Fannie Mae and Freddie Mac’s single-family pricing grids until deliveries on or after August 1. The delay creates an opening for FHFA to get the policy right. The DTI-based LLPA is unworkable and should be replaced.
MBA Education Path to Diversity Scholar Profile: Ashley Puckett
Ashley Puckett is Senior Capital Markets Analyst with Vellum Mortgage, an independent mortgage bank in Fairfax, Va. She began in the industry in September 2011 as a Loan Processor. From there she moved into Post Closing for a few years, then in Secondary Marketing, “which I love.”
The Week Ahead, Apr 24, 2023: End-of-Month Housing Reports
Good morning and happy Monday! Here’s what’s happening this week: