Pending home sales rose in February, marking the third consecutive monthly increase, the National Association of Realtors reported Wednesday.
Category: News and Trends
CommercialEdge: Maturing Loans Indicate More Office Sector Uncertainty
CommercialEdge, Santa Barbara, Calif., said office owners will continue to face difficulties, especially those with loans that mature over the next three years.
CoreLogic: Mortgage Delinquencies Fall for 22nd Straight Month
CoreLogic, Irvine, Calif., said 2.8% of all mortgages in the U.S. were in some stage of delinquency, down by 0.5 percentage point from 3.3% in January 2022 and by 0.2 percentage point from December.
ATTOM: Homeownership Slightly More Affordable as Housing Market Stalls
ATTOM, Irvine, Calif., released its first-quarter U.S. Home Affordability Report showing buying conditions for house hunters may be improving as the portion of average wages nationwide required for typical major home-ownership expenses has fallen slightly to 30 percent.
MBA, Coalition Support Bill Repealing Estate Tax
The Mortgage Bankers Association joined more than 100 industry groups in a letter to Sen. John Thune, R-S.D., expressing support for his re-introducing a bill that would repeal the estate tax.
National Council of State Housing Finance Agencies Announces Affordable Homeownership Lender Toolkit
The National Council of State Housing Finance Agencies, with support from the Mortgage Bankers Association and other industry trade groups, announced availability of the HFA1 Affordable Homeownership Lender Toolkit, a new online resource that will enable home mortgage lenders to partner more efficiently with state housing finance agencies in providing mortgage loans and down payment assistance to lower-income home buyers.
Dealmaker: Meridian Capital Group Arranges $45M for The Hotel @ Times Square
Meridian Capital Group, New York, arranged $44.5 million in financing to refinance The Hotel @ Times Square, a 213-key hotel property.
Industry Briefs Mar. 30, 2023: Total Expert Updates on Salesforce AppExchange
Total Expert updated its products on Salesforce AppExchange, providing customers new ways to enhance the ROI of their Salesforce integrations.
Call for Speakers: MBA Annual Convention & Expo; Deadline June 2
Speaker proposals for breakout sessions are now being accepted for the MBA Annual Convention & Expo 2023, taking place October 15-18 at the Pennsylvania Convention Center in Philadelphia. This is the industry’s largest convention and expo focused on residential real estate finance.
MBA Weekly Survey Mar. 29, 2023: Applications Up 4th Straight Week as Rates Continue to Fall
Mortgage interest rates fell for the third straight week, and mortgage application activity increased for the fourth straight week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending March 24.