This MBA Chart of the Week examines the relationship between mortgage payments and asking rents since the second half of 2009. MBA’s national mortgage payment to rent ratio compares the national median and 25th percentile mortgage payments to the national median asking rent.
Category: News and Trends
MBA Advocacy Update Aug. 8 2022: Senate Passes Reconciliation Package
The Senate on Sunday passed a $740 billion reconciliation package. And last Monday, the VA released Circular 26-22-13, implementing new appraisal procedures for VA purchase loans.
Solid Jobs Report Move Employment, Unemployment Rate to Pre-Pandemic Levels
Total nonfarm employment jumped by 528,000 jobs in July, more than double consensus expectations and pushing the unemployment rate to 3.5 percent, the Bureau of Labor Statistics reported Friday.
Dealmaker: Gantry Secures $35 Million for Phoenix Class A Apartment Community
Gantry’s Phoenix production office secured $35 million in permanent financing to refinance the Seven Apartments, a class A apartment community in north central Phoenix.
Cautious Optimism in Annual Construction Survey
Construction contractors remain cautiously optimistic a year after the industry’s post-pandemic comeback started in earnest, according to the 2022 Marcum National Construction Survey. Contractors reported being buoyed by the federal infrastructure bill, growing backlogs, and other tailwinds.
Dale Larson III of Modex: The Data-Driven Evolution of Loan Officer Hiring
According to a 2019 McKinsey study, lack of production data is the number one cause of poor hiring decisions across the mortgage industry.
The Week Ahead, Aug. 8, 2022: Five Things to Know
Good morning and happy Monday! Hope you are staying cool in your neck of the woods. Here’s what’s happening this week:
MBA Chart of the Week Aug. 8, 2022: Mortgage Payment to Rent Ratio
This MBA Chart of the Week examines the relationship between mortgage payments and asking rents since the second half of 2009. MBA’s national mortgage payment to rent ratio compares the national median and 25th percentile mortgage payments to the national median asking rent.
Rita Moreno Keynotes mPower Event at MBA Annual22
Rita Moreno–Academy Award-winning actress, dancer and singer and recipient of the Presidential Medal of Freedom–keynotes the mPower Event at the Mortgage Bankers Association in Nashville, Tenn.
Senate Dems Drop MBA/Trade Group-Opposed Carried Interest Provision in Reconciliation Bill
Senate Democrats late Thursday dropped a controversial carried interest provision in a reconciliation bill that the Mortgage Bankers Association and other industry trade groups said would “cripple the housing recovery.”