On Monday, MBA submitted comments to the Federal Housing Finance Agency’s ongoing comprehensive review of the Federal Home Loan Bank System. MBA reiterated its long-standing advocacy for responsible expansion of FHLB membership to critical providers of mortgage origination, servicing and investment activities – such as mortgage REITs and independent mortgage banks – to add diversity to the FHLB System and to provide stable liquidity sources for key players in the single-family and multifamily mortgage markets.
Category: News and Trends
Hotel Profitability Improves, Labor Costs Rise
U.S. hotel gross operating profit per available room improved in September and now exceeds the pre-pandemic comparable, said STR, Hendersonville, Tenn.
Dealmaker: Newmark Completes $47M Oklahoma City Office Sale
Newmark, New York, sold a newly constructed Class A office building in downtown Oklahoma City for $46.9 million.
Employers Add 261,000 October Jobs; Unemployment Rate Rises
The Bureau of Labor Statistics on Friday reported employers added 261,000 jobs in October; meanwhile, the unemployment rate ticked up to 3.7 percent.
The Week Ahead, Nov. 7, 2022: Election Day and a Whole Lotta Other Stuff
Good morning, and happy Monday! We’ve got a lot to cover and just enough bandwidth, so let’s get started:
MBA Chart of the Week Nov. 4 2022: Mortgage Payment to Rent Ratio
This week’s MBA Chart of the Week examines another metric from our PAPI dataset – the mortgage payment to rent ratio. The orange line relates the median principal and interest payment to the median asking rent, and the blue line relates the 25th percentile mortgage application payment to the median asking rent (that may be a more suitable ratio for first-time homebuyers).
Scott Roller: Heard it in Nashville – Worry, Panic and Opportunity
So, I headed to Nashville for the 2022 MBA Annual Convention and Expo, expecting to fully partake in all the excitement that Music City has to offer. Mission accomplished, but not surprised to also witness the build-up to the industry’s looming game of musical chairs.
State Regulators Encourage Licensees to Prepare for the NMLS Renewal Period
The Conference of State Bank Supervisors encourages state licensees to begin taking steps to prepare for the Nationwide State Licensing System license renewal period.
CREF23 in San Diego Feb. 12-15
The MBA Commercial/Multifamily Finance Convention & Expo–CREF23–takes place Feb. 12-15 at the Manchester Grand Hyatt in San Diego.
MISMO Seeks Member Comment on Bids Wanted in Competition Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on a new Bids Wanted in Competition dataset, which allows mortgage originators and dealers to automate the bidding process for mortgage-backed-securities.