Whether or not you personally believe climate change exists, the White House, federal regulators, states and even other countries are clearly signaling that mortgage companies need to measure climate risks.
Category: News and Trends
MBA Weekly Applications Survey May 25, 2022: Refi Fade Keeps Activity Down
Mortgage applications fell for the second straight weeks even though mortgage interest rates also fell over the same period, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 20.
MISMO Commends Ginnie Mae on Enhancements, Updates, Support of Industry Standards
Seth Appleton, president of MISMO®, issued the following statement in support of Ginnie Mae’s recent announcement regarding updates and enhancements to its Digital Collateral Program and eGuide:
Tom Lamalfa: May 2022 Secondary Market Conference Survey Report and Scorecard
Tom Lamalfa is a 44-year veteran of mortgage market research, whose focus in recent years has been on federal housing policy. He is president of TSL Consulting, Cleveland Heights, Ohio. His semi-annual reports on the housing and mortgage finance industries appear regularly in MBA NewsLink.
April New Home Sales Fall to 2-Year Low
New home sales in April suffered double-digit percentage losses for the second consecutive month, falling to their lowest level since June 2020, HUD and the Census Bureau reported Tuesday.
Pricey Suburbs Take Lead in Most Popular Markets
It’s not exactly a race, but so far in 2022, home values in the suburbs sped ahead of urban growth values, continuing a trend began last summer, said Zillow, Seattle.
Industry Briefs May 19, 2022: CFPB Launches New Effort to Promote Competition in Consumer Finance
The Consumer Financial Protection Bureau is opening a new office, the Office of Competition and Innovation, as part of a new approach to help spur innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants.
Single-Family Rental Sector Gains Momentum Even as Returns Slip
The single-family rental sector gained momentum in the first quarter, even as profit margins declined, analysts reported.
Dealmaker: Merchants Capital Completes $214M Freddie Mac Transaction
Merchants Capital and Merchants Bank of Indiana, Carmel, Ind., completed a $214 million securitization of 14 multifamily mortgage loans secured by 24 mortgaged properties through a Freddie Mac-sponsored Q-Series transaction.
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.