MBA Endorses Plan to Significantly Increase Black Homeownership by 2030
The Mortgage Bankers Association endorsed an announcement by the Black Homeownership Collaborative to close the Black homeownership gap through its 7-point plan – a solutions-based initiative to increase Black homeownership by 3 million net new households by 2030.
MBA, Lenders Seeks Clarity on Juneteenth Holiday Designation
With unusual speed and rare bipartisan agreement, Congress last week passed, and President Biden signed, legislation designating June 19—colloquially known as “Juneteenth”—a federal holiday, a move welcomed by Americans and supported by the Mortgage Bankers Association and thousands of businesses nationwide. But the speed of the designation—with Friday, June 18 designated a federal holiday—resulted in unintended consequences and disruption for the mortgage lending industry.
MBA Advocacy Update June 21, 2021
On Tuesday, the Federal Housing Finance Agency published its yearly Report to Congress, which provides details on the Agency’s activities over the course of the past year, including its actions as conservator of Fannie Mae and Freddie Mac. On Wednesday, the House Financial Services Committee passed a package of bills that would establish a new series of environmental, social and corporate governance reporting requirements for publicly traded companies.
Homebuying Demand Lets Up a Bit as Prices Soar
Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed, according to a new report from Redfin, Seattle.
MBA Chart of the Week June 21, 2021: MBA Wholesale Lending Survey
In third quarter 2020, MBA launched a new Wholesale Lending Survey for members to track broker wholesale and non-delegated correspondent volume and related metrics. This week’s chart shows the percentage change from the previous month in average broker-wholesale and non-delegated correspondent volume.
