SAN DIEGO–The persistent affordable rental housing shortage is growing worse as rents rise faster than incomes in many places, industry practitioners said here at the MBA Commercial/Multifamily Finance Convention & Expo.
Category: News and Trends
Dealmaker: Greystone Provides $24M for Connecticut Affordable Housing
Greystone, New York, provided a $24 million HUD 223(f) loan to refinance Martin Luther King Apartments, an 89-unit affordable housing community in Stamford, Conn.
The Week Ahead, Feb. 21, 2023: MBA Servicing Solutions Conference & Expo Underway
ORLANDO—Good morning and happy Tuesday! MBA NewsLink comes to you this week from sunny, warm Orlando for the MBA Servicing Solutions Conference & Expo, which runs through Friday, Feb. 24.
January New Home Purchase Mortgage Applications Up 42%
Mortgage applications for new home purchases in January jumped by 42 percent from December but fell by 3.5 percent from a year ago, the Mortgage Bankers Association reported Friday.
MISMO Webinar Feb. 22: FHFA Credit Scoring Changes–MISMO Takes Lead to Surface Impact to Industry
MISMO hosts a webinar, FHFA Credit Scoring Changes–MISMO Takes Lead to Surface Impact to Industry, on Wednesday, Feb. 22 from noon-1:00 p.m. ET.
Industry Briefs Feb. 21, 2023: Homes Bought with Cash Down from November Peak
Redfin, Seattle, said roughly one-third (31.2%) of U.S. home purchases were paid for with all cash in December, up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November.
Joe Camerieri of Mortgage Cadence: 3 Strategies for a Successful Spring Buying Season
What will set winners apart from the rest is the strategy they choose and how they apply these and other tactics to achieve their goals. Settling on the right strategy for making the most of the upcoming spring homebuying season will make or break an institution’s mortgage lending business.
#MBACREF23: Multifamily Leadership Perspectives
SAN DIEGO–Senior government executives visited the MBA Commercial/Multifamily Finance Convention & Expo 2023 to discuss their successes and challenges, including how to increase the national supply of affordable housing.
Quote: Feb. 21, 2023
“The more we can help owners derive value from all available public subsidy sources, the farther private capital will actually go toward developing new affordable housing.”
–David Leopold, Senior Vice President and Head of Affordable Housing with Berkadia, New York.
MBA: 4Q Mortgage Delinquencies Increase
Mortgage delinquencies rose to near 4 percent in the fourth quarter, the Mortgage Bankers Association reported Thursday, but remained near survey lows.