Last week, MBA submitted a letter to the Federal Housing Finance Agency advocating for an increase to the current area median income thresholds for Fannie Mae and Freddie Mac’s low down payment programs (Home Ready and Home Possible).
Category: News and Trends
Shannon Faries of Land Gorilla: Expanding Construction Lending Key to Long-Term Growth
Expanding housing inventory, despite higher rates, is the only way out of the housing affordability crisis, which is why the future belongs to lenders with products to finance more building and renovation.
MBA Chart of the Week Dec. 16, 2022: Federal Funds Rate Projections
In an effort to increase transparency after the Great Recession, one of the Federal Open Market Committee communication initiatives under Chairman Ben Bernanke was to publish individual members’ assessments of the economy in the Summary of Economic Projections. In this week’s MBA Chart of the Week, we track changes in policymakers’ quarterly published SEP forecasts of the federal funds rate over the past eight quarters.
Dealmaker: CBRE Secures $56M for South Carolina Warehouse
CBRE, Dallas, secured $55.5 million in acquisition financing for Gaffney Distribution Center, a one-million-square-foot warehouse in Gaffney, S.C.
The Week Ahead, Dec. 19, 2022: Winding Down 2022
Good morning, and happy Monday! Welcome to the final business week of 2022. Let’s get started:
Freddie Mac: Apartment Investment Market Index Further Declines
The Freddie Mac Multifamily Apartment Investment Market Index declined 5.4% in the third quarter. The index is down 23.5% year over year.
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“The two big questions are whether mortgage rates will continue to decline, and whether that will be enough to bring buyers back in time for the spring selling season. In the meantime, those on the prowl for a house will benefit from motivated sellers, unusual bargains and a welcome lack of competition.”
–Jeff Tucker, Senior Economist with Zillow, Seattle.
Today’s Top National News Dec. 19 2022
Here’s a summary of Top National News Items from major news sites and industry trade publications. To get started, click on the headline above:
People in the News Dec. 19, 2022: MISMO Names Jan Davis Acting President
MISMO®, the real estate finance industry standards organization, announced Vice President of Operations Jan Davis will serve as Acting President
Joe Welu of Total Expert: How to Motivate Employees to Embrace New Technologies
Implementing a new technology or process during uncertain economic times might seem counterintuitive. However, improving internal workflows to be more efficient and effective is precisely the move that lenders should consider as they plan for the year ahead.