Joe Garrett is Principal with Garrett, McAuley & Co., a banking and mortgage banking consulting firm that helps lenders increase revenues, control costs and better manage risk.
Category: News and Trends
MBA Advocacy Update July 25 2022
Some activities of note during a busy week on Capitol Hill.
MBA Human Resources Symposium Sept. 8-9
The Mortgage Bankers Association’s annual Human Resources Symposium takes place Sept. 8-9 in Arlington, Va.
MISMO Issues Call for Participants For New Housing Counseling Workgroup
MISMO®, the real estate finance industry standards organization, issued a call for participants for a new development workgroup focused on creating a unified dataset aimed at making the housing counseling process more efficient and effective for borrowers and lenders with the goal of facilitating greater access to homeownership.
The Week Ahead, July 25, 2022: Five Things to Know
Good morning and happy Monday! Here’s what’s happening this week:
MBA Chart of the Week: 2021 HMDA Respondents
A total of 4,195 companies reported lending activity under the Home Mortgage Disclosure Act in 2021, according to MBA’s own analyses of the dataset. Company types are defined by primary regulator and balance sheet assets, with large depositories holding assets of $10 billion or more.
Dealmaker: Harbor Group International Acquires Miami Multifamily for $185M
Harbor Group International LLC, Norfolk, Va., acquired Miro Brickell, a 372-unit Class A multifamily property in Miami’s Brickell neighborhood, for $184.5 million.
Apartment Asking Rents Rise at Slowest Annual Rate Since October
Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier–the smallest annual increase since October–reported Redfin, Seattle.
Renting More Affordable than Buying Starter Home in Most Large Cities
Higher mortgage rates are increasingly tipping the housing affordability scale in favor of renting over first-time buying, the National Association of Realtors reported.
MBA Updates Economic, Mortgage Market Forecasts
The Mortgage Bankers Association released updated Economic and Mortgage Market forecasts Thursday.