“With total gifts from the MBA Board topping $1.13 million in 2018, more than 800 families across the country will be helped by our 38-member board. I could not be more proud of their commitment to this very important cause.”–MBA President and CEO Robert D. Broeksmit, CMB, and member of the MBA Opens Doors Foundation Board of Directors.
MBA Newslinks Archive
MBA Newslink Thursday 1-24-19
“Our ongoing efforts on LIBOR transition involve active engagement with interested members, including commercial real estate finance firms and other market participants. Although the expected LIBOR transition is still a few years away, it’s important that market participants begin considering the items presented in the primer. We are grateful to the members on MBA’s Commercial/Multifamily LIBOR Outreach Committee as the industry prepares for what’s next.”–Thomas Kim, MBA Senior Vice President of Commercial Real Estate Finance, on an MBA Primer on LIBOR released yesterday.
MBA Newslink Wednesday 1-23-19
“Similar to what we saw in our own purchase mortgage application data, a lot of the weakness to end the year was likely caused by a combination of factors, including a lack of confidence in the broader economic outlook, stock market volatility and the higher mortgage rates seen most of 2018. Looking ahead, many potential homebuyers still face affordability challenges, but we do expect this to dissipate slowly, as there have been more signs of moderating home-price growth and accelerating wage growth, which should help bridge the affordability gap.”–MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
MBA Newslink Friday 1-18-19
“December may feel like a foot on the brake, but the housing market was going over the speed limit. Home prices have been growing faster than wages since 2012, and that can’t go on forever. Now that price growth has slowed down and more homes are sitting on the market, buyers will have the upper hand in 2019.” –Redfin chief economist Daryl Fairweather.
MBA Newslink Thursday 1-17-19
“Factors such a volatile stock market and economic uncertainty both here and abroad likely kept some prospective buyers away. This pullback in activity was in spite of falling mortgage rates and a job market still running on all cylinders. Looking ahead, if mortgage rates remain low, home-price growth continues to moderate and housing inventory rises, we do expect to see a rebound in purchase activity come spring.”–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA Newslink Wednesday 1-16-19
“The spring homebuying season is almost upon us, and if rates stay lower, inventory continues to grow and the job market maintains its strength, we do expect to see a solid spring market. The 11 percent gain in purchase volume compared to last year is a promising sign.”–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
MBA Newslink Tuesday 1-15-19
“It’s hard to buy what’s not for sale.”–First American Chief Economist Mark Fleming, on how lengthening homeownership tenure has driven up prices and shrunk housing supply.
MBA Newslink Monday 1-14-19
“We are proud to have achieved these positive results for consumers, and we will continue to advocate for sensible steps to keep home financing broadly available to all qualified Americans.”–MBA President and CEO Robert Broeksmit, CMB.
MBA Newslink Tuesday 1-22-19
“While the market fundamentals remain solid and we still expect the overall housing market to remain healthy, there is a definite slowing down of most markets.”–Eric Fox, Vice President of Statistical and Economic Modeling with Veros, Burlingame, Calif.
MBA Newslink Friday 1-11-19
“Approximately 50 to 60 percent of mortgages originated between 2005 and 2007 that experienced foreclosure in the first two years after origination were mortgage loans with features that the ATR/QM Rule generally eliminates, restricts or otherwise excludes from the definition of a qualified mortgage, such as loans that combined low initial monthly payments with subsequent payment reset or those made with limited or no documentation of the consumer’s income or assets. Loans with these features had largely disappeared from the market prior to the adoption of the Rule, and today they appear to be restricted to a limited market of highly credit-worthy borrowers.”–From a Consumer Financial Protection Bureau assessment of effectiveness of its Ability-to-Repay/Qualified Mortgage Rule.