MBA Advocacy Update May 24 2021
Last week, MBA submitted comments supporting the CFPB’s proposed rule to delay the implementation of the Fair Debt Collection Practices Act final rules from November 30, 2021, to January 29, 2022. On Thursday, the Senate Banking Committee held a hearing on housing and infrastructure. And Wednesday, the House Ways and Means Committee held a hearing on tax code options for infrastructure investment.
April Existing Home Sales Fall 2.7%
Existing home sales in fell for the third straight month in April, hamstrung by tight inventories and rising home prices, the National Association of Realtors reported Friday.
ULI: CRE ‘Poised for a Rebound’
A panel of 42 real estate economists said commercial real estate is “poised for a rebound,” the Urban Land Institute reported.
MBA Chart of the Week May 24 2021: Retail Production Channel Loan Officer Turnover
This week’s chart shows the historical retail Loan Officer turnover rates (%) for depository banks and independent mortgage companies, based on data collected through the MBA and STRATMOR Peer Group Roundtable Program, now in its 23rd year of production.
