BREAKING NEWS
FHFA, Treasury Suspend Portions of GSE Preferred Stock Purchase Agreements; Purchase Applications Jump in MBA Weekly Survey
The Federal Housing Finance Agency and the Treasury Department on Tuesday suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac in January.
Mortgage purchase applications jumped to their highest level in five months as interest rates held steady for the third straight week, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending September 10.
CoreLogic, Irvine, Calif., said 4.4% of all mortgages in the U.S. were in some stage of delinquency in June, a 2.7-percentage point decrease in delinquency from a year ago but above the February 2020 pre-pandemic rate of 3.6%.
It’s already been a busy week for housing industry reports--and it's only Wednesday! Here’s a quick summary of some of those coming across the NewsLink desk.
Freddie Mac, McLean, Va., said its Apartment Investment Market Index turned positive in the second quarter as growing net operating incomes and low interest rates bolstered the multifamily investment environment.
Forbearance exits saw their fastest pace since March, the Mortgage Bankers Association reported Monday afternoon in its weekly Forbearance and Call Volume Survey.
On Aug. 30, Mortgage Professional America reported “Independent mortgage banks and mortgage subsidiaries of chartered banks reported hefty declines in their profit in the second quarter of 2021.”
Regardless of whether work from anywhere (WFX) stays in place or not, there are risks and concerns companies must evaluate. Some of the most important factors to evaluate are IT security, employee productivity, business continuity, operational flexibility and regulatory response.
NorthMarq, Minneapolis, arranged $187.2 million for retail, industrial and multifamily assets in New York, California and Washington.
Strengthening mortgage accessibility industry-wide is not a burden, but an opportunity that should be embraced. Every qualified loan is good business and new affordability goals and programs instantly broaden the marketplace of eligible buyers.
WASHINGTON—Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, told attendees here at the MBA Regulatory Compliance Conference as Congress and the Biden Administration put plans into shape, the Association will continue to seek balance and advocate for the real estate finance industry.
MISMO Workgroup Will Create Blueprint for Deploying MISMO Standards In Order to Maximize Efficiencies and Streamline Implementation
MBA CONVERGENCE presents the next in its Webinar Series, Mayors and Affordable Housing: Perspective from City Hall, on Thursday, Sept. 16 from 1:30-2:15 p.m. ET.
mPowering You, MBA’s Summit for Women in Real Estate Finance, takes place Saturday, Oct. 16 at the San Diego Convention Center just ahead of the MBA Annual Convention & Expo (Oct. 17-20).
