CFPB Proposes New PACE Financing Rules
The Consumer Financial Protection Bureau on Monday proposed a rule to implement a congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans.
March Construction Spending Up 0.3%
Construction spending in March rose by 0.3 percent from February and by nearly 4 percent from a year ago, the Census Bureau reported Monday.
MBA Education Creates Residential Educator of the Year Award
MBA Education, the education division of the Mortgage Bankers Association, announced creation of the Residential Educator of the Year Award, an annual company-level award that will be presented for the first time at the MBA 2023 Annual Convention and Expo, October 15 - 18 in Philadelphia.
Out-of-Town Moves Remain Popular as High Housing Costs Push Homebuyers to More Affordable Areas
Redfin.com home searchers looking to relocate to a new metro fell by 4.2% from a year earlier in the first quarter, compared to a 15.6% drop for those looking to move within their current metro. Those are the biggest drops in Redfin’s records, which go back through 2018.
MBA Chart of the Week Apr. 28, 2023: Commercial/Multifamily Mortgage Debt Outstanding
Two questions have dominated the CRE headlines of late: a) the reliance of banks on commercial real estate and b) the reliance of commercial real estate on banks. We addressed the former in a previous Chart of the Week.
People in the News May 2, 2023: Vanguard University Names School of Business after New American Funding’s Patty Arvielo
Vanguard University, Costa Mesa, Calif., an Hispanic-Serving Institution announced naming of the Patty Arvielo School of Business and Management; it is the first business school in the U.S. to be named after a Latina.
