“Apartment markets across the U.S. have experienced unprecedented rent change performances since the onset of the pandemic, with extreme differences in rent change levels over time and among regions and markets.”
–Charlotte Wheeler, Analyst with RealPage, Richardson, Texas.
This week’s MBA Chart of the Week examines year-over-year changes in origination volume ($ and units) dating back to 2016, and the forecasted volume from 2022 to 2025. In 2022, we expect a 15% decline in purchase origination dollars from 2021 but a steeper 27% decrease in the number of loans.
Chase Home Lending, New York, announced a $2,000 VA Purchase Closing Cost Benefit to support homeownership for veterans, servicemembers and their families. The benefit is available to servicemembers and veterans purchasing a primary residence with a VA mortgage loan.
Speaking opportunities for breakout sessions are now being accepted for The Mortgage Bankers Association’s Technology Solutions Conference & Expo 2023, taking place April 2–5 at the San Jose McEnery Convention Center in San Jose, Calif.
At the recent Mortgage Bankers Risk Management, Quality Assurance and Fraud Prevention conference, Fannie Mae hinted at forthcoming changes to its pre-funding quality control requirements. While specifics regarding the changes remain to be seen, the teaser serves as a warning for lenders to shore up their current pre-funding QC program to ensure they are ready to meet the new standards.
MBA recognizes commercial/multifamily members that show leadership in the areas of Diversity, Equity and Inclusion internally through market outreach efforts. As the world continues to evolve, DEI programs are more important than ever before. The Commercial/Multifamily entry period is now open, and will close on November 4.
Katie Parsons is Managing Director and Head of the Industrial Sector for JLL Valuation Advisory, which conducts assignments throughout the United States across property types including warehouse/distribution centers, manufacturing, cold storage, food/beverage processing facilities, truck terminals, R&D facilities, industrial yards, business parks and airport-related facilities.
Congratulations to Matt Rocco, Chairman of the Board and Chief Executive Officer of Grandbridge Real Estate Capital, for being sworn in as 2023 Chairman at MBA’s Annual Convention.
Pending home sales for the fourth consecutive month in September, the largest single monthly decline since onset of the coronavirus pandemic, the National Association of Realtors reported Friday, with all four regions reporting both month-over-month and year-over-year declines in transactions.
Chase Home Lending, New York, announced a $2,000 VA Purchase Closing Cost Benefit to support homeownership for veterans, servicemembers and their families. The benefit is available to servicemembers and veterans purchasing a primary residence with a VA mortgage loan.
