On Tuesday, FHFA announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans. Last Friday, MBA submitted its comment letter to federal regulatory banking agencies on the Community Reinvestment Act. And the House approved the Senate’s amended substitute to H.R. 5376, now known as the Inflation Reduction Act.
Category: News and Trends
Homebuyer Competition At 2-Year Low
Six months ago, prospective homebuyers across the country faced stiff competition from each other, with homes for sale receiving multiple, escalating bids. What a difference a few months make.
Small-Cap Commercial Real Estate Market Up 19% YoY
Boxwood Means LLC, Stamford, Conn., reported the aggregate market value of small commercial real estate assets rose steadily at midyear despite an increasingly uncertain outlook for commercial real estate prices and the economy.
MBA Chart of the Week, Aug. 12, 2022: National Mortgage Delinquency Rate
This week’s MBA Chart of the Week highlights the relationship between MBA’s mortgage delinquency rate and two economic indicators, the unemployment rate, and year-over-year changes in headline inflation – measuring the price of goods and services in the economy.
Dealmaker: Colliers Mortgage Provides $20M in HUD 221(d)(4) Funds
Colliers Mortgage provided $20 million in HUD-insured construction loans in Texas and Minnesota.
Steve Ferringer of INCENTER LLC on Home Equity Lending
teve Ferringer is Executive Vice President of Enterprise Business Development with INCENTER LLC, Fort Washington, Pa. Incenter helps mortgage bankers optimize processes and improve performance.
mPowering You: MBA’s Summit for Women in Real Estate Finance in Nashville Oct. 22
mPowering You: MBA’s Summit for Women in Real Estate Finance, takes place Saturday, Oct. 22 in Nashville, Tenn., ahead of the MBA Annual Convention & Expo.
The Week Ahead, Aug. 15, 2022: Five Things to Know
Good morning and happy Monday! We’re halfway through the Dog Days of August. Here’s what’s happening this week:
People in the News Aug. 15, 2022: FHFA Taps Naa Awaa Tagoe as Deputy Director
The Federal Housing Finance Agency promoted three employees to its executive staff. Naa Awaa Tagoe will serve as the Deputy Director for the Division of Housing Mission and Goals; Joshua Stallings will become Deputy Director for the Division of Bank Regulation; and Chris Dickerson will continue in his role as Senior Advisor to the Director in a permanent capacity.
Mortgage Industry Losses Due to Phishing Scams/Other Cyberattacks: Who’s Left Holding the Bag? Will Your Insurance Coverage Bail You Out?
Cybercriminals have ramped up their attacks on the mortgage and real estate industries, taking advantage of the multiple entry points available in every transaction, the lack of coordinated security efforts among the parties, and the abundance of personal and financial information that awaits them after a successful breach.