MBA Advocacy Update: FOMC Hikes Rates; Matt Jones Nominated to be FHA Commissioner; Senate Banking Advances CFPB Director Nominee Johnson; more
This week’s top legislative and policy news from the Mortgage Bankers Association.
Chart of the Week: New Residential Construction
New residential construction is slowing, with elevated inventory of newly built homes for sale keeping builders from adding much more to their pipelines, while rising mortgage rates reduce demand from potential homebuyers.
Leading Economic Indicators Edge Down in August
An index of leading economic indicators dipped 0.1% in August after a slight increase in July, according to The Conference Board, New York.
Cotality: Home Equity Continues to Grow
Cotality, Irvine, Calif., released its latest Homeowner Equity Insights Report, finding that in Q2, total homeowner equity reached more than $34.9 trillion.





