ANNOUNCEMENT
This is the final issue of MBA NewsLink in 2021. MBA NewsLink will return on Monday, Jan. 3, 2022. For more information, see the article below. On behalf of MBA officers and staff, have a safe and happy holiday season.
As negotiations with a key senator stalled earlier this week, any final action on President Biden’s Build Back Better Act proposal will have to wait until next year. Also this week, MBA submitted comments to the Federal Housing Finance Agency in response to its notice of proposed rulemaking introducing additional public disclosure requirements in the regulatory capital framework applicable to Fannie Mae and Freddie Mac.
HUD and the Census Bureau reported November new single-family home sales jumped by 12.4 percent in October—but only after significantly revising down October numbers.
Good morning! As we prepare to take a break over the holidays, here’s a wrap-up of housing and economic reports that came across the MBA NewsLink desk this week:
According to the MBA Monthly Loan Monitoring Survey, the share of loans in forbearance dropped to 1.67 percent of servicers’ portfolio volume as of November 30, after climbing to a monthly peak of 8.53 percent in May 2020.
Initial claims for unemployment insurance held steady last week as employment—or lack thereof—went into a holding pattern for the holidays, the Labor Department reported Thursday.
The MBA Opens Doors Foundation announced three new members to its Board of Directors: Mark Jones, MBA 2022 Vice Chairman and Chief Executive Officer and Co-Founder of Amerifirst Home Mortgage; Rick Thornberry, Chief Executive Officer of Radian Group Inc.; and Dr. Lamia Soghier, Medical Unit Director of the Neonatal Intensive Care Unit with Children’s National Medical System.
The nomination period for the MBA NewsLink 2022 Tech All-Star Awards is underway with a new, simplified entry form. Nominations will be accepted through Friday, Jan. 21.
Cushman & Wakefield, Chicago, has arranged the sale and financing of SouthPark Center, a 10-building suburban office park in Orlando, Fla. The sale price equaled $315 million.
The Mortgage Bankers Association this week released its December Economic and Mortgage Market forecasts, showing overall 2021 mortgage originations expected to fall just short of last’s years record, but purchase originations expected to rise to a record $1.6 trillion—and go even higher in 2022.
For c-levels, the unknowns of 2022 represent a nightmarish Christmas Carol outcome. From technologies to personnel to regulatory compliance to political alignments to non-traditional competition to comprehensively unique business models, the sustainability challenges for financial services firms have never been greater.
Thomas (Tom) Price is President of Incenter Insurance Solutions, Fort Washington, Pa.
In this ongoing article series, we report on mortgage and credit union vendor marketplace events and trends, and we then share our viewpoints. Today we delve into the bevy of activity surrounding vendor mergers and acquisitions
The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo takes place Feb. 13-16 at the Manchester Grand Hyatt in San Diego.