HUD on Friday submitted to the Federal Register a Final Rule, Restoring HUD’s Discriminatory Effects Standard, rescinding the Department’s 2020 rule governing Fair Housing Act disparate impact claims and restoring its 2013 discriminatory effects rule.
Category: News and Trends
MBA Advocacy Update Monday Mar. 20, 2023
On Wednesday, the Federal Housing Finance Agency announced a 90-day delay in the effective date of the new Loan Level Price Adjustments for certain borrowers with debt-to-income ratios above 40 percent. The new effective date will be for deliveries on or after August 1.
HUD Restores ‘Discriminatory Effects’ Rule
HUD on Friday submitted to the Federal Register a Final Rule, Restoring HUD’s Discriminatory Effects Standard, rescinding the Department’s 2020 rule governing Fair Housing Act disparate impact claims and restoring its 2013 discriminatory effects rule.
MBA Advocacy Update Monday Mar. 20, 2023
On Wednesday, the Federal Housing Finance Agency announced a 90-day delay in the effective date of the new Loan Level Price Adjustments for certain borrowers with debt-to-income ratios above 40 percent. The new effective date will be for deliveries on or after August 1.
First American: Positive Industrial Real Estate Outlook Despite Dip
Industrial space remains in demand across the country despite recent headlines about tabled expansion plans from eCommerce companies and retail store closures, reported First American, Santa Ana, Calif.
MISMO Names David Coleman President
MISMO®, the real estate finance industry standards organization, named mortgage industry veteran David Coleman President.
MBA Chart of the Week Mar. 17, 2023: IMB Net Profits, Production Volume
In this MBA Chart of the Week, we look at production profits in basis points, relative to average production volume, from inception of the MBA Quarterly Mortgage Bankers Performance Report series in third quarter 2008 through fourth quarter 2022.
The Week Ahead, Mar. 20, 2023: The Fed and More Housing Reports
The Federal Open Market Committee meets this Tuesday, Mar. 21 and Wednesday, Mar. 22 amid remarkable conditions: persistent inflation, persistent job and wage growth, persistent economic volatility—and, as of last week, the collapse of two major financial institutions (Silicon Valley Bank and Signature Bank) and shaky conditions with at least two other institutions.
MBA Reports 4Q IMB Net Losses
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $2,812 on each loan they originated in the fourth quarter, the Mortgage Bankers Association reported Friday.
Dealmaker: Gantry Secures $13M for Phoenix Industrial Property
Gantry, San Francisco, secured $12.9 million in permanent financing for a newly constructed, 157,000-square-foot warehouse facility in Peoria, Ariz.