A total of 4,195 companies reported lending activity under the Home Mortgage Disclosure Act in 2021, according to MBA’s own analyses of the dataset. Company types are defined by primary regulator and balance sheet assets, with large depositories holding assets of $10 billion or more.
Category: News and Trends
Dealmaker: Harbor Group International Acquires Miami Multifamily for $185M
Harbor Group International LLC, Norfolk, Va., acquired Miro Brickell, a 372-unit Class A multifamily property in Miami’s Brickell neighborhood, for $184.5 million.
Apartment Asking Rents Rise at Slowest Annual Rate Since October
Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier–the smallest annual increase since October–reported Redfin, Seattle.
Renting More Affordable than Buying Starter Home in Most Large Cities
Higher mortgage rates are increasingly tipping the housing affordability scale in favor of renting over first-time buying, the National Association of Realtors reported.
MBA Updates Economic, Mortgage Market Forecasts
The Mortgage Bankers Association released updated Economic and Mortgage Market forecasts Thursday.
CoreLogic: Annual Single-Family Rent Growth Holds Steady at Record High in May
CoreLogic, Irvine, Calif., said annual U.S. single-family rent growth remained at a record high in May, posting a 13.9% increase from May 2021.
MBA Weighs In to Support Improving Access to the VA Home Loan Benefit Act
The Mortgage Bankers Association supports modernizing and streamlining the homebuying process for our nation’s veterans, including efforts related to home appraisals, MBA told Members of Congress.
Quote
“With rents and for-sale home prices both hitting record highs in June, the rising cost of financing a home purchase stands out as the clear driver of rental affordability relative to typical starter homeownership costs.”
–Danielle Hale, Chief Economist with Realtor.com
Call for Entries: MBA DEI Leadership Awards–Deadline Aug. 5
The Mortgage Bankers Association is accepting entries for its annual Diversity, Equity and Inclusion Residential Leadership Awards; entry deadline is Friday, Aug. 5.
8 Common Fair Lending Compliance Myths Debunked
Michael Berman is Founder & CEO of Ncontracts, Brentwood, Tenn. Ncontracts provides integrated risk management and lending compliance software to a rapidly expanding customer base of over 4,000 financial institutions, fintechs and mortgage companies in the United States.