MBA Advocacy Update Aug. 22 2022

On Wednesday, FHFA and Ginnie Mae jointly released their long-awaited final capital, liquidity, and net worth requirements for sellers and servicers of loans backed by the GSEs and Ginnie Mae issuers. Also last week, the author of legislation in California (SB1323), that would have created a byzantine new foreclosure process for residential properties that have more than 10% equity withdrew his bill from Assembly floor consideration.

Housing Market Roundup Aug. 22 2022

Here’s a quick summary of housing/real estate finance articles that have come across the MBA NewsLink desk:

MBA Chart of the Week Aug. 19 2022: IMB Average Quarterly Production Profits

This week’s MBA Chart of the Week illustrates the average historical pre-tax production profits for each respective quarter of the year, from Q3 2008 to Q2 2022. These historical quarterly averages are then compared to the most current net production profit corresponding to that quarter.

MBA Education Launches AMP Credly Badge

MBA Education recently launched the AMP Credly Badge, a digital badge for mortgage professionals who have earned the Accredited Mortgage Professional (AMP) designation.

Quote

“The construction industry is finally returning to pre-pandemic levels of activity, but is still being hampered by three familiar challenges: labor shortages, material costs and availability and supply chain issues.”
–Doug Ressler, Manager of Business Intelligence with Yardi Matrix, Santa Barbara, Calif.