MBA Advocacy Update Monday Mar. 21 2022
Last week the Senate Banking Committee advanced FHFA Acting Director Sandra Thompson’s nomination, moving her closer to being confirmed as Director. And on Wednesday, the CFPB announced changes to its supervisory policies and a corresponding update to the exam manual, with the goal of enhancing its ability to protect consumers against illegal discrimination.
MBA: 4Q Commercial, Multifamily Mortgage Delinquency Rates Decline
Commercial and multifamily mortgage delinquencies declined in the fourth quarter, the Mortgage Bankers Association reported Monday in its Commercial/Multifamily Delinquency Report.
MISMO Seeks Public Comment on Dataset Standard for IRS Form 4506-C
MISMO®, the real estate finance industry standards organization, seeks public comment on its new dataset standard for the Internal Revenue Service Request for Transcript of Tax Return (IRS Form 4506-C). The 60-day public comment period for this dataset runs through May 18.
February Existing Home Sales Drop 7.2%
Existing home sales continued their yo-yo pattern, falling by 7.2 percent in February amid a stifling lack of inventory, the National Association of Realtors reported Friday.
MBA Chart of the Week Mar. 18 2022: Consumer Inflation Expectations
Inflation as measured by the Consumer Price Index reached an annual rate of nearly 8% in February. Over the past 12 months, inflation has increased steadily from less than 2% to 7.9%, compared to an average just under 2% in the five years prior.
