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Volume 21 Issue 168

Thursday, September 01, 2022

FHFA Announces ‘Comprehensive Review’ of FHLB System

The Federal Housing Finance Agency on Wednesday announced it will conduct a comprehensive review of the Federal Home Loan Bank System beginning this fall.

Multifamily Professionals See Increased Demand in Second Half

The multifamily market is seeing increased demand despite rising rent and interest rates, reported Berkadia, New York.

Redfin: Drought-Affected Areas Seeing Growth

An estimated $17 trillion worth of homes—nearly 25 million properties—experienced intense drought in August, up 42% from a year earlier. It’s not stopping property-hungry borrowers, according to Redfin, Seattle.

ADP: August Employment Slows for 2nd Straight Month

In the second of four major jobs reports this week, ADP, Roseland, N.J., said private-sector employment rose by a modest 132,000 jobs in August, slowing for the second straight month, while annual pay increased by 7.6 percent.

MBA Weekly Survey Aug. 24, 2022: Rates Jump; Activity at ‘Multi-Decade Low’

Mortgage applications fell for the fourth straight week, remaining at their lowest level in 22 years as interest rates jumped to its highest level since July, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending August 26.

MBA VIDEOS

MBANow: Marcia Davies on MBA Annual22

MBANow: Marcia Davies on MBA Annual22

MBA Eye on Washington

MBA Eye on Washington

mPower Moments: On Breaking Glass Ceilings with Morgan Stanley’s Carla Harris

mPower Moments: On Breaking Glass Ceilings with Morgan Stanley’s Carla Harris

MBANow: Dan Bailey of WFG

MBANow: Dan Bailey of WFG

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TOP NATIONAL NEWS

Mortgage Demand Falls Even Further, As Rates Shoot Back up to July Highs
MBA Economists: The Overcapacity that Still Needs to Be Cut
New Study Shows How To Optimize Mortgage Experience
Freddie Mac’s Credit Risk Transfers Set Records for 2Q, First Half
Wall Street-Backed Player Boost Build-to-Rent Market
Reflecting the Communities We Serve
Powell Abandons Soft Landing Goal as He Seeks Growth Recession
Second Half Looks Better for Private Equity Deal Flow
Some Buyers Hunt for Opportune ‘Stressed’ Hotel Investments

MBA NEWS

MBA Education Webinar TODAY: The Power of Reverse Mortgages for a Changing Market
MBA Human Resources Symposium Sept. 8-9
MBA Education Advanced Risk Management Workshop Sept. 11
MBA Education School of Mortgage Banking I & II Sept. 13-16 in Charlotte, N.C.

MBA Offices Closed Monday

Offices of the Mortgage Bankers Association will be closed this Monday, Sept. 5 in observance of the Labor Day holiday. MBA NewsLink will not publish on Monday.

Quote

"We have long supported the responsible expansion of FHLB membership eligibility to better reflect the diverse providers of single-family and multifamily housing finance throughout the country. The Banks’ membership framework has only seen piecemeal updates since its creation, and there’s a need for an FHLB system that better reflects today’s housing finance market -- not one from the 1930s." --MBA President & CEO Bob Broeksmit, CMB.

STATLINK

August 31, 2022

Sponsored Content from SWBC: The Impact of Rising Interest Rates and Inflation on Reverse Mortgages

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With inflation currently at 9.1% and interest rates expected to rise further, reverse mortgages could help senior borrowers with funds for living in place.

August 31, 2022

MBA Education Path to Diversity Scholar Profile: Suha Beidas Zehl

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(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)

August 31, 2022

People in the News Sept. 1, 2022: WFG Promotes Suzanne Tinsley to SVP

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WFG National Title Insurance Co., Portland, Ore., promoted Southwest Regional Manager Suzanne Tinsley to SVP for the company’s Southwest, Western and Rocky Mountain Regions.

August 31, 2022

Dealmaker: Cushman & Wakefield Arranges $69M New Hampshire Industrial Sale

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Cushman & Wakefield, New York, arranged $69 million for the Northeast Industrial & Flex Portfolio, a four-building portfolio totaling 593,000 square feet in New Hampshire.

August 31, 2022

Murali Tirupati of Vaultedge: Rising Interest Rates and their Effect on the Housing Market

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While the Fed may influence mortgage rates, it is ultimately lenders and investors who decide what rate to offer based on market conditions and other factors.

August 31, 2022

Mark P. Dangelo: Strategy is NOT Dead—Across Housing Finance and Technology it is Too Traditional

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Designing the future beyond the current downturn requires a comprehensive examination of what is necessary across digital financial actions—by the consumer, by the investor, by the regulators, and by rising non-traditional competitors. Traditional strategy encased by technology is the norm—but moving forward has this prescription lost its efficacy? Will we adapt—or will we die?

August 31, 2022

Ellen Comeaux of TIAA Bank: Surveying The Small Balance Space

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Ellen Comeaux is Senior Vice President and Commercial Division Leader with TIAA Bank, Jacksonville, Fla.

August 31, 2022

mPowering You: MBA’s Summit for Women in Real Estate Finance in Nashville Oct. 22

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mPowering You: MBA's Summit for Women in Real Estate Finance, takes place Saturday, Oct. 22 in Nashville, Tenn., ahead of the MBA Annual Convention & Expo.

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at our website.

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan | 202/557-2855

Editorial Director: Michael Tucker | 202/557-2851

Senior Editorial/Advertising Specialist: Lesley Hall | 202/557-2856

Advertising Opportunities: Bill Farmakis | 203/834-8832