CREF21: Bob Broeksmit on ‘The MBA Difference’
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, opened the MBA CREF21 Convention & Expo by recapping the “unprecedented challenges” the real estate finance industry faced over the past year and a look at the uncharted waters ahead.
CREF21: MBA Chair Susan Stewart on ‘3 Values that Unite the Industry’
Mortgage Bankers Association Chair Susan Stewart said regardless of industry focus—residential or commercial—real estate finance comes down to three values that unite the industry.
MBA, Trade Groups Urge Housing Priorities in Relief Package
The Mortgage Bankers Association and more than a dozen industry trade groups sent a letter to leaders in Congress this week, urging them to include housing priorities in the next round of economic stimulus.
Record-Low Inventories Drive Record-Low Contract Periods
With record-low housing inventories and sharply increasing home prices, what else could happen? How about record-low contract periods, according to both Redfin, Seattle, and Zillow, Seattle.
ATTOM: 4Q Home Equity Improves
ATTOM Data Solutions, Irvine, Calif., released its fourth-quarter U.S. Home Equity & Underwater Report, which noted an increase to 17.8 million residential properties in the United States considered equity-rich—the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.
ADP: January Private-Sector Employment Up 174,000
Ahead of this Friday’s employment report from the Bureau of Labor Statistics and this morning’s initial claims report from the Labor Department, ADP, Roseland, N.J., said private-sector employment increased by 174,000 jobs from December to January.