The trend we address in this short narrative is the shrinking playing field for first-time homebuyers who are more and more being shut out of buying opportunities by institutional cash buyers and losing the attendant opportunity for the creation of generational wealth.
Category: News and Trends
Bruno Pasceri of Incenter LLC on Changing Mortgage Market Conditions
Bruno Pasceri is President of Incenter LLC, Fort Washington, Pa., which helps mortgage bankers optimize processes and improve performance.
MBA CONVERGENCE Webinar June 23: Understanding and Serving Today’s Buyer
MBA CONVERGENCE presents a timely webinar, Understanding and Serving Today’s Buyer, on Thursday, June 23 from 3:00-4:00 p.m. ET.
Quote
“CONVERGENCE Philadelphia will bring together a local network of housing leaders, non-profits, and other stakeholders to collaborate on sustainable housing opportunities for underserved people and communities. We are grateful for the strong support from Finance of America, Radian and Wells Fargo Home Mortgage as we develop strong affordable housing partnerships to increase homeownership opportunities in Philadelphia.”
–MBA President and CEO Bob Broeksmit, CMB.
Initial Claims Dip Slightly
Initial claims for unemployment insurance fell slightly last week, reversing the previous week’s increases, the Labor Department reported Thursday.
MBA’s Steve O’Connor Named Chair of National Housing Conference Board
The National Housing Conference announced its 2022-23 Board of Governors, led by longtime member and first-time Chair Steve O’Connor, Senior Vice President for Affordable Housing Initiatives with the Mortgage Bankers Association.
Office Sector Future Still Murky
CommercialEdge, Santa Barbara, Calif., said the office sector’s future remains murky, even more than two years after the COVID-19 pandemic started.
May Housing Starts Plunge Amid Market Volatility
Housing starts fell sharply in May, HUD and the Census Bureau reported Thursday, as continued market volatility and higher interest rates took a toll on both consumers and home builders.
Dealmaker: Newmark Sells Silicon Valley Office Campus for $365M
Newmark, New York, sold Moffett Green, a recently renovated office campus in Sunnyvale, Calif., for $365 million.
Faith Schwartz of Housing Finance Strategies: Homeownership Month Focus on Policy Innovation to Up-Level the FTHB
The trend we address in this short narrative is the shrinking playing field for first-time homebuyers who are more and more being shut out of buying opportunities by institutional cash buyers and losing the attendant opportunity for the creation of generational wealth.