MBA Weekly Applications: A Tale of Two Surveys
Mortgage applications yo-yoed over the past two weeks, falling by 13 percent over the holiday break before regaining most ground the first week of January, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the weeks ending Dec. 27, 2019 and Jan. 3.
HUD Issues New Proposed Fair Housing Rule
HUD yesterday published its proposed Affirmatively Furthering Fair Housing rule, which it said is intended to offer “clearer guidance” to states and local governments to help them improve affordable housing choices in their community.
MBA CREF Forecast: 2020 Commercial/Multifamily Lending to Climb 9 Percent to $683 Billion
Commercial and multifamily mortgage bankers are expected to close a record $683 billion of loans backed by income-producing properties in 2020, a 9 percent increase from 2019’s anticipated record volume of $628 billion, according to a new Mortgage Bankers Association forecast.
