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Volume 22 Issue 238

Monday, December 11, 2023

Jobs Increase in November, Unemployment Rate at 3.7%

Total nonfarm payroll employment increased by 199,000 in November, and the unemployment rate now sits at 3.7%, the U.S. Bureau of Labor Statistics reported.

MBA Advocacy Update: Hill Hearings Recap on Housing Affordability and Large Banks; MBA Letter to CFPB on Servicing Modernization

This week’s top legislative and policy news from the Mortgage Bankers Association.

MBA Chart of the Week: FHFA Purchase Only House Price Index; MBA Forecast

This week’s Chart of the Week shows the historical national home price growth and MBA’s forecast through 2026.

MBA VIDEOS

Industry Leaders On Why You Should Attend MBA’s Annual IMB Conference

Industry Leaders On Why You Should Attend MBA’s Annual IMB Conference

MBA Research Minute

MBA Research Minute

mPower Moments: On Balancing Motherhood and Career Success with MBA’s Ashley Marshall

mPower Moments: On Balancing Motherhood and Career Success with MBA’s Ashley Marshall

Attendees made HERstory at mPowering You 2023!

Attendees made HERstory at mPowering You 2023!

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TOP NATIONAL NEWS

Mortgage Rates Drop to Lowest Levels Since August
U.S. Homes Were the Least Affordable on Record in 2023
Biden Wants to Give 500,000 Americans Money to Buy Homes
Study: Americans Spent an Average of $13K on Home Repairs and Renovations This Year
HELOC Originations Drop as Rate Spread Balloons
States Seek to Battle Foreign ‘Invasion’
Freddie Mac Unveils Tool to Help Clear Condo Financing Reviews Faster
Commercial Delinquencies Increase Has Nuances by Sector
Ginnie Mae Adding New Financial Reports for Mortgage Banks

MBA NEWS

MISMO Winter Summit Jan. 8-11, 2024
MBA Servicing Solutions Conference & Expo in Orlando Feb. 20-23, 2024
March 19-20, 2024: MBA National Advocacy Conference
Upcoming MBA Education School of Mortgage Banking Courses

Quote: Dec. 11, 2023

"As in recent months, job growth has been concentrated in just a few sectors, notably health care, government, and leisure and hospitality, while employment is little changed or declining in other sectors." --MBA Senior Vice President and Chief Economist Mike Fratantoni

Fannie Mae: Housing Sentiment Stuck in Low-Level Plateau

Only 14% of consumers believe this is a good time to buy a home, a new Fannie Mae Survey found.

December 08, 2023

CreditXpert Sponsored Content: If Millennials Aren’t Buying Homes, Where Can Lenders Find Opportunity in this Market?

It's common knowledge that Millennials are primed to be the next wave of homebuyers, stepping into their first homes, and laying down roots. However, a deep dive into macroeconomic data paints a very different picture.

December 11, 2023

PACE Loan Group’s Rafi Golberstein: Get Cap Stack Flexibility, Look-Back Capital and Quick Closing with C-PACE

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Especially in today’s volatile interest rate climate, C-PACE gives property owners a way to infuse creativity into their capital stack and reduce costs while meeting the market’s demand for sustainability.

December 08, 2023

Dealmaker: Gantry Secures $30M For Multifamily, Retail Assets

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Gantry, San Francisco, secured $29.8 million in two transactions in Montana and California.

December 11, 2023

iEmergent CEO Laird Nossuli: It’s High Time We Invite Everyone Back Into the Pool!

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Today, fewer Americans are able to join the Homeowner Dream Club that my father, market intelligence pioneer Dennis Hedlund, wrote about in MBA’s Mortgage Banking magazine 11 years ago.

January 09, 2024

Designed by IMBs for IMBs: MBA Independent Mortgage Bankers Conference Starts Jan. 22

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Join MBA in New Orleans for a conference held by independent mortgage bankers for independent mortgage bankers, where IMBs give direct input on all conference content.

December 08, 2023

Urban Institute: How Housing Counselors Are Navigating Challenges

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The Urban Institute, Washington, D.C., released research on the experiences of HUD-certified housing counselors who mobilized to serve renting families during the pandemic and their reflections on the evolving needs of renters post-pandemic.

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Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

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