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Category: News and Trends
MBA Home For All Pledge Partner: United Community Bank
(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)
MBA Applauds House Passage of Remote Online Notarization Bill
The House on Wednesday passed legislation that creates federal minimum standards to allow notaries in all states to perform remote online notarization transactions. The Mortgage Bankers Association applauded the news.
FOMC Raises Federal Funds Rate 75 Basis Points
The Federal Open Market Committee hiked the federal funds rate by 75 basis points on Wednesday, matching its 75 basis point increase in June.
Mortgage Industry Compliance Concerns and Best Practices
Rhonda McGill, Senior Director of Client Solutions with PerformLine, Morristown, N.J. Her team provides regulatory and marketing compliance expertise to lead PerformLine’s voice of the customer initiatives as the company continues to invest in the development of its industry-leading compliance technology. She also hosts industry roundtables and moderates webinars to highlight the latest developments and trends in the industry.
Pending Home Sales Fall 8.6%
Pending home sales decreased in June following a slight increase in May, the National Association of Realtors said Wednesday.
Treasury Department Issues Guidance to Increase Affordable Housing Supply
The Treasury Department issued new guidance Wednesday to increase state, local and tribal governments’ ability to use American Rescue Plan funds to increase affordable housing. The Mortgage Bankers Association commended the Biden administration for its commitment to addressing the ongoing housing shortage.
Consumer Confidence Declines Moderately
Consumer confidence decreased in July, following a larger decline in June, The Conference Board reported.
Dealmaker: JLL Arranges $30M Senior Living Community Refinancing
JLL Capital Markets, Chicago, arranged a $29.5 million refinancing for Mirror Lake Village, a 114-unit Class A independent living, assisted living and memory care community in Federal Way, Wash.
Freddie Mac: Approaches to Low-Income Housing Climate Resiliency Vary
As the number of weather-related disasters increases, states have implemented a range of requirements and incentives to mitigate their impact on federal Low-Income Housing Tax Credit properties, reported Freddie Mac, McLean, Va.