ANNOUNCEMENT
MBA offices are closed from Dec. 24-Jan. 3 for the holidays. MBA NewsLink will return on Monday, Jan. 4. On behalf of MBA officers and staff, have a safe, happy and healthy holiday season.
In 2020, MBA was at the forefront of advocacy for the real estate finance industry.
Sales of new single-family houses in November fell to a seasonally adjusted annual rate of 841,000, the Census Bureau and HUD reported yesterday. This is 11 percent below the revised October rate of 945,000, but is 20.8 percent higher than a year ago (696,000).
It’s almost the end of a year many of us would like to forget—unless, of course, we’re a mortgage banker. Here’s a summary of a plethora of reports that crossed the MBA NewsLink desk in the past few days:
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The Federal Housing Finance Agency, Washington, D.C., announced yesterday Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through March 31, 2021.
The Federal Housing Finance Agency this week issued a Notice of Proposed Rulemaking that would require Fannie Mae and Freddie Mac to develop credible resolution plans, also known as living wills.
Marcus & Millichap, Calabasas, Calif., said the commercial real estate lending landscape has improved from the pandemic’s early days, when lenders and investors paused to assess the coronavirus’s impact.
After marathon on-and-off negotiations, the House and Senate—and the Trump Administration—finally agreed this week on a $908 million, 5,500-page economic stimulus bill, the Consolidated Appropriations Act of 2021.
Nuveen Real Estate, Chicago, supplied a $114 million loan facility to refinance Pennant Park, a six-building office park in Atlanta's Northwest submarket.
The Mortgage Bankers Association hired mortgage industry veteran Charmaine Brown to fill its newly created position of Director of Diversity and Inclusion. Brown, who will start on Jan. 4, will be responsible for developing, promoting and advancing diversity and inclusion programs for the real estate finance industry.
2020 is ending…and 2021 is coming into view. A few thoughts that should be dancing around in your head…along with those sugar plums.
The Federal Housing Administration announced completion of its revised and streamlined loan-level certification form required from lenders when originating a single-family mortgage intended for FHA insurance endorsement.
No record-low interest rates this time, but the 30-year fixed rate was low enough to attract another push of refinance applications for the second straight week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending December 18.
