MBA, Trade Groups, MAA Urge Congress to Support Section 1031 Like-Kind Exchanges, Industry Tax Priorities
Ahead of committee action in Congress this week on major infrastructure and economic legislation, the Mortgage Bankers Association and more than three dozen industry trade groups, as well as MBA’s grassroots advocacy arm, the Mortgage Action Alliance, urged senators and representatives to support and defend the real estate finance industry’s tax priorities.
Mortgage credit availability increased by 3.9 percent in August, the Mortgage Bankers Association reported Thursday morning in its Mortgage Credit Availability Index.
ATTOM, Irvine, Calif., issued its third-quarter Vacant Property and Zombie Foreclosure Report showing 1.3 million residential properties in the United States sit vacant.
Homeowners sold a record number of homes using an instant buying service in the second quarter and are poised to sell even more in the third quarter, said Zillow, Seattle.
Mortgage applications fell for the second straight week to their lowest level sine mid-July, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending September 3.