MBA Newslink Wednesday 1-10-18

“Just because a market is smaller or more affordable doesn’t mean it isn’t dynamic. Growing cities in the Sun Belt, places like Raleigh, Charlotte and Nashville, offer plenty of opportunities healthcare and finance, while providing a less-expensive, but still-convenient, alternative to the larger and pricier markets in the Northeast.” –Zillow senior economist Aaron Terrazas.

MBA Newslink Tuesday 1-9-18

“In December a handful of investors made end of the year adjustments to their menu of offerings. This resulted in a net decrease in credit availability for government-backed programs [FHA/VA/USDA] and especially for lower credit score, higher loan-to-value loans, as well as streamline (requiring less documentation) refinances.”–MBA Vice President of Research & Economics Lynn Fisher.

MBA Newslink Monday 1-8-18

“HELOCs have been an attractive option for borrowers to utilize available equity without sacrificing low first- lien interest rates; with interest on these products no longer deductible, the value proposition has changed.”–Black Knight Data & Analytics Executive Vice President Ben Graboske.

MBA Newslink Friday 1-5-18

“Although the vacancy rate was flat for the quarter and the year, new tenants including grocery stores and gyms are taking space formerly occupied by bankrupt businesses such as Kmart. At the same time, some retail space is shutting down entirely or getting converted to other uses.”–Reis Senior Economist Barbara Byrne Denham.

MBA Newslink Thursday 1-4-18

“Mortgage bankers look to 2018 as another growth year for the commercial and multifamily mortgage markets. The majority of top firms expect a ‘very strong’ appetite from lenders and a ‘strong’ appetite from borrowers to drive commercial mortgage originations higher.”–MBA Vice President for Research and Economics Jamie Woodwell.

MBA Newslink Wednesday 1-3-18

“Strong demand from buyers and the ongoing inventory shortage keep pushing values higher, especially in some of the nation’s booming coastal markets.” –Zillow Senior Economist Aaron Terrazas.

MBA Newslink Tuesday 1-2-18

“Three years of low inventory is taking its toll on buyer demand in terms of tour and offer activity. People still want to buy homes, especially before mortgage interest rates increase and prices rise even more. But there just aren’t enough homes for sale, especially at lower- to mid-level prices.”–Redfin chief economist Nela Richardson.

MBA Newslink Friday 12-22-17

“[FHFA] Director [Mel] Watt has expressed significant concern regarding the lack of a capital cushion at the enterprises. This negotiated outcome is far better than the Director taking unilateral action and should put to rest calls for indefinite retention of earnings. “Now that this issue is settled, it is time to focus our attention on the legislative actions being contemplated in the Senate and the House to resolve this conservatorship through congressional reform.”–MBA President and CEO David Stevens, CMB, following a Federal Housing Finance Agency announcement that it will allow Fannie Mae and Freddie Mac to rebuild capital in the wake of passage of tax reform legislation.

MBA Newslink Thursday 12-21-17

“In issuing this RFI, FHFA hopes to obtain honest and reliable information and stakeholder feedback on the operational and competition aspects of changing Fannie Mae and Freddie Mac’s credit score requirements. Responses to the RFI will provide important details on the complexities of this decision, which is why I encourage stakeholders to respond in the most meaningful way possible.”–Federal Housing Finance Agency Director Director Melvin Watt, on a Request for Information issued asking feedback on how Fannie Mae and Freddie Mac use credit score agencies for loan underwriting.

MBA Newslink Wednesday 12-20-17

“Had the final bill not included the Rounds Amendment, the change in tax accounting for mortgage servicing rights would have had a devastating impact on the flow of capital that supports a robust and competitive real estate finance market, both single-and commercial/multifamily.”–MBA President and CEO David Stevens, CMB, on a tax reform bill that includes an exception for tax treatment of mortgage servicing rights.