The Mortgage Bankers Association is accepting entries for its annual Diversity, Equity and Inclusion Residential Leadership Awards; entry deadline is Friday, Aug. 5.
Category: News and Trends
MBA Risk Management, QA and Fraud Prevention Forum in Nashville Sept. 11-13
The Mortgage Bankers Association’s annual Risk Management, QA and Fraud Prevention Forum takes place Sept. 11-13 at the Grand Hyatt Nashville.
MISMO Seeks Public Comment on Enhanced Version of Industry Loan Application Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on an enhancement to the Industry Loan Application Dataset (iLAD), an industry standard for the exchange of loan application information.
Dealmaker: $1.75B NYC Apartment Portfolio Largest Since Pandemic
New York investment firm Black Spruce Management LLC and residential developer Orbach Affordable Housing Solutions LLC purchased a six-property multifamily housing portfolio on Manhattan’s East Side for $1.75 billion, the largest such transaction post-pandemic.
MBA Advocacy Update July 5, 2022
Last week, The Wall Street Journal published a letter to the editor from MBA President and CEO Bob Broeksmit, CMB, highlighting how Special Purpose Credit Programs are an effective way for lenders to help serve minority homebuyers safely and sustainably.
MBA Chart of the Week July 1, 2022: Projected Excess Supply of Housing from the Aging of Baby Boomers
The Research Institute for Housing America, MBA’s think tank, released a special report, “Who Will Buy the Baby Boomers’ Homes When They Leave Them?”, authored by Gary Engelhardt of Syracuse University. The report examines population aging, mortality and the future of the housing market.
Industry Briefs July 6, 2022
Southwest Stage Funding LLC, dba Cascade Financial Services, a national provider of financing to buyers of manufactured homes, launch its Social Bond Framework, which furthers the company’s commitment to creating pathways for affordable housing.
MISMO Seeks Comment on Implementation Guide for SMART Doc Version 3 Verifiable Profile
MISMO®, the real estate finance industry’s standards organization, seeks public comment on an implementation guide for its new SMART Doc® Version 3 Verifiable Profile standard.
RIHA: Boomer Homeowners’ Mortality Expected to Have Minimal Impact on Housing Supply, Prices
More than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of older homeowners, but sustained homebuyer demand from population growth and younger-generation households should lead to minimal excess housing supply and have no measurable reduction in home prices.
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“Mortgage rates have increased sharply thus far in 2022 but have fallen 24 basis points over the past two weeks, with the 30-year fixed rate at 5.74 percent. Rates are still significantly higher than they were a year ago, which is why applications for home purchases and refinances remain depressed. Purchase activity is hamstrung by ongoing affordability challenges and low inventory, and homeowners still have reduced incentive to apply for a refinance.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.