The Federal Housing Finance Agency released its annual Mission Report that describes Fannie Mae, Freddie Mac and Federal Home Loan Bank activities to increase access to financing for economic development and affordable, equitable and sustainable housing.
Category: News and Trends
Dealmaker: Laguna Point Properties Acquires Las Vegas Apartments for $126M
Laguna Point Properties, Mission Viejo, Calif., acquired the 996-unit The Harmon at 370, the largest multifamily community in Las Vegas, for $126 million.
Decarbonizing Cities and Real Estate
City governments are setting rules to move to a net-zero economy. But their ambitious sustainability targets won’t be achieved without an active program to significantly reduce emissions from buildings, said JLL, Chicago.
Housing Market Roundup June 7, 2022
Here’s a summary of recent housing reports that have come across the MBA NewsLink desk:
Redfin: Homes with High Fire Risk Sell for More as Americans Flock to Fire-Prone Areas
Redfin, Seattle, said its analysis of homes for sale in high fire-risk areas found the median sale price of U.S. homes with high fire risk was $550,500 in April, compared with $431,300 for homes with low fire risk—a difference of nearly $120,000.
Mortgage Holders Gain $1.2 Trillion in 1Q Tappable Equity
The least-affordable housing market in nearly two decades provides at least one windfall—the average home has gained nearly 9 percent in value since just the start of 2022, with homeowners gaining more than $1.2 trillion in equity in the first quarter, said Black Knight, Jacksonville, Fla.
Tony Thompson, CMB of NAMMBA: We’ll See You at Connect 2022
The biggest Strategic Networking + Exposition + Thought Leadership Convention in the real estate and mortgage industry is kicking off in Orlando, Fla., this September 15-17, and I couldn’t be more excited to share it with you.
MBA CREF Market Intelligence Symposium June 15-16
The Mortgage Bankers Association’s annual CREF Market Intelligence Symposium takes place June 15-16.
MBA Advocacy Update June 6 2022
MBA sent a letter to the FDIC Friday on its climate risk management principles for financial institutions. On Tuesday, MBA and the Housing Policy Council responded to HUD’s proposed 40-year modification, which would increase the maximum allowable term for an FHA-insured loan modification from 360 months to 480 months. And recently, FHFA finalized two rules related to the Enterprise Regulatory Capital Framework for Mac the GSEs.
Quote
“For decades, Frank has been a key voice for the mortgage industry – at Freddie Mac and then at CoreLogic. He was the best housing market analyst in the business, able to clearly and concisely convey information that helped our industry understand the current market and make decisions to prepare for the future. Frank had an inimitable style, both in terms of his presentations and his ever-present bow tie. Our thoughts and prayers are with his family.”
–Mortgage Bankers Association Chief Economist Mike Fratantoni, on the death of Frank Nothaft, Chief Economist with CoreLogic, Irvine, Calif.