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Volume 22 Issue 212

Monday, October 30, 2023

MBA Advocacy Update Oct. 30: CRA Final Rule Released

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

MBA Chart of the Week: Actual and Modeled CRE Lending ($Billions)

MBA’s latest commercial real estate finance (CREF) forecast anticipates 2023 origination volumes ($442 billion) will come in just a bit more than half of what they were in 2022 ($816 billion).

CoreLogic: Historic Low for Delinquencies in August

CoreLogic, Irvine, Calif., found in its Loan Performance Insights Report for August that the overall mortgage delinquency rate was at 2.6%, a historic low.

ALTA Good Deeds Foundation Highlights CONVERGENCE Memphis

The American Land Title Association’s Good Deeds Foundation highlighted CONVERGENCE Memphis with a recent video. The ALTA Good Deeds Foundation awarded a grant to the program last year.

MBA VIDEOS

MBA Path to Diversity Scholarship Program

MBA Path to Diversity Scholarship Program

MBA Eye on Washington

MBA Eye on Washington

MBA Research Minute

MBA Research Minute

mPower Moments: On Leading with Kindness with Mortgage Connect’s Cristy Ward

mPower Moments: On Leading with Kindness with Mortgage Connect’s Cristy Ward

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TOP NATIONAL NEWS

Rising Mortgage Rates Move the Needle on Home Shortage
The Fed Will Make an Interest Rate Decision Next Week. Here’s What It May Mean for Mortgage Rates.
Second Home Sales Slide in Pandemic-Era Vacation Hot Spots
A Tough Year for Commercial Real Estate: MBA Predicts Steep Fall in Originations
Inflation Trends Keep Fed Rate Hikes on Pause
Weekly Mortgage Rates Soar Closer to 8%: Freddie Mac
2nd Lien Firms Eye Piggybacks for VA, FHA Assumptions
Don’t Put Your Earnest Money at Risk
Nearly One-Third of Homeowners Have $1,000 or Less Saved For Home Emergency
Rising Miami Office Rents Reach Another Record

MBA NEWS

Nov. 2: CONVERGENCE: Strategies for Serving Millennial and Gen Z Homebuyers
MBA Servicing Solutions Conference & Expo in Orlando Feb. 20-23, 2024
Upcoming MBA Education School of Mortgage Banking Courses

HUD, Biden Administration Encourage More Commercial-to-Residential Conversions

On Friday, HUD and the Biden Administration announced two updates to increase housing supply and improve housing affordability, including research on commercial-to-residential conversions. Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, weighed in on the announcement.

Quote: Oct. 30, 2023

"MBA shares the Biden administration’s commitment to increasing housing supply and appreciates its willingness to engage with us and the industry on ways to incentivize lenders and borrowers to rehab, repurpose, and convert more obsolete commercial properties into affordable rental housing and other usable spaces" --Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, commenting on the Biden administration’s guidance announced Friday on commercial property conversions.

October 26, 2023

CONVERGENCE Partner Profile: Brody Wamble of Simmons Bank

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(One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.)

October 26, 2023

Dealmaker: Greystone Announces Deals in New Jersey, California

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Greystone, New York, announced recent deals in New Jersey and California.

October 26, 2023

Dodge Momentum Index Rises 3% in September Following August Decline

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The Dodge Momentum Index improved 3% in September to 182.5 (2000=100) from the revised August reading of 178.0, according to the Dodge Construction Network, Hamilton, N.J.

October 26, 2023

Industry Briefs Oct. 30, 2023

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Industry news from HUD, FutureWave Finance, Insellerate, Down Payment Resource and nCino.

November 01, 2023

Nov. 7: Get to Know MISMO – The Key to Accelerating the Industry’s Digital Future

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MISMO, the real estate finance industry's standards organization, is key to accelerating the industry’s digital future. Register for this webinar to learn about the important work MISMO is doing and how you can get engaged.

October 26, 2023

CONVERGENCE Columbus Launches Bloom614 Homebuyer Readiness Program

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The Mortgage Bankers Association (MBA) announced that CONVERGENCE Columbus launched the Bloom614 Homebuyer Readiness Program. The pilot program provides an innovative, digital coaching experience for aspiring homebuyers through a partnership with CredEvolv, a credit and debt management technology tool.

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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

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