Last week, the House Financial Services Committee once again considered down payment assistance legislation targeted toward first generation, first-time homebuyers. On Tuesday, MBA and the National Fair Housing Alliance announced a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs.
Category: News and Trends
Anita Bush of FICS: Mortgage Servicers Must Improve Support for Borrowers with Limited English Skills
Mortgage servicers must provide language resources for borrowers with limited English proficiency. The 2020 Census confirmed what mortgage professionals have experienced over the past decade – America’s diversity increases every year with minority homeownership growing rapidly.
May New Home Sales Jump 11%
May new home sales proved to be a solitary bright spot in a month of otherwise disappointing housing reports, rising by nearly 11 percent from April, HUD and the Census Bureau reported Friday.
MBA Chart of the Week June 24, 2022: Median Payment by Conventional/Government Loan
The national median mortgage payment was $1,897 in May, a slight increase from $1,889 in April and $572 higher than in May 2021, according to this week’s Purchase Applications Payment Index release.
Competition for Port Market Industrial Real Estate Heats Up
JLL, Chicago, reported port markets are emerging as the best bet for industrial real estate investors to place capital due to their positive rental growth profile.
Dealmaker: Gantry Secures $65M in Hawaii
Gantry, San Francisco, secured $65 million in permanent financing to recapitalize a mixed-asset portfolio on the island of Oahu.
The Week Ahead, June 27, 2022: Five Things to Know
Good morning and happy Monday! As we gear up for the upcoming Independence Day holiday, here’s what’s happening this week:
MBA, Winnow Solutions LLC Partner to Help Members with Compliance Research, Costs
The Mortgage Bankers Association and Winnow Solutions LLC, Anaheim, Calif., announced a partnership that will provide MBA member subscribers – at a 10% discount rate – a comprehensive database of state and federal regulations to help control costs and better manage the growing complexity of mortgage regulations.
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.
People in the News June 27, 2022: VA Loan Guaranty Service Taps John Bell III as Executive Director
Loan Guaranty Service of the Department of Veterans Affairs appointed John E. Bell III as Executive Director, effective immediately.