Amid continued concerns over the COVID-19 coronavirus pandemic, the Mortgage Bankers Association yesterday canceled its upcoming National Advocacy Conference (Apr. 21-22) and State & Local Workshop (Apr. 20-21).
Despite falling by 1 percent from January, mortgage applications for new home purchases increased by nearly 26 percent from a year ago, the Mortgage Bankers Association reported this morning.
The Mortgage Bankers Association and nearly a dozen industry trade groups told Federal Housing Finance Agency Director Mark Calabria that Property Assessed Clean Energy programs—known as PACE programs—pose safety and soundness issues for the real estate finance industry.
The Mortgage Bankers Association, in a March 16 letter to the Office of Management and Budget, offered a series of recommendations and best practices as it considers changes to its regulatory enforcement proceedings and administrative adjudications.
The Mortgage Bankers Association reported commercial/multifamily mortgage debt outstanding at the end of 2019 rose by $248 billion (7.3 percent) from a year ago.
Treasury rates and mortgage rates have fallen to historic lows, driven down by the market turmoil and volatility caused by the uncertainty around the spread of the coronavirus.