“This is a pivotal time with rising prices and rates weighing heavily on consumers. Flat to declining home sales volume indicates sellers and buyers are not exactly jumping in with both feet. More of them could be moved off the sidelines if perceived security and confidence in home buying could be restored.” –Joe Melendez, Founder & CEO of ValueInsured, Dallas.
MBA Newslinks Archive
MBA Newslink Thursday 5-17-18
“The strong economy, low unemployment rate, tax refunds and bonuses and home price appreciation were key factors that helped push delinquencies down in the first quarter.”–MBA Vice President of Industry Analysis Marina Walsh.
MBA Newslink Wednesday 5-16-18
“Treasury rates increased very slightly over the week, as the general sentiment was that inflation in April was not as strong as expected, despite a solid economic outlook.” –MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
MBA Newslink Tuesday 5-15-18
“2017 was the worst year on record for economic losses, both insured and uninsured, arising from natural disasters, led by losses from hurricanes Harvey, Irma and Maria. With the 2018 hurricane season fast approaching, we wanted to support disaster preparedness and provide information necessary to help homeowners successfully recover from future disasters.” –MBA President and CEO David Stevens, CMB, announcing release of an MBA-sponsored disaster recovery guide.
MBA Newslink Monday 5-14-18
“The [Telephone Consumer Protection Act] landscape is dysfunctional and in need of clarity from the FCC. The statute, originally intended to target a specific abusive telemarketing practice, has been expanded by courts and the FCC, turning it into a breeding ground for frivolous lawsuits against legitimate businesses trying to communicate with their customers. As a result, TCPA litigation has skyrocketed, harming businesses large and small, with no clear benefit to consumers.”–From a petition signed by 17 business and trade groups (including the Mortgage Bankers Association) urging changes to the Telephone Consumer Protection Act.
MBA Newslink Friday 5-11-18
“Millennials reflect the choices made by those with lower annual household income and those living in urban areas, and show that they are a generation still grappling with the effects of the recession while trying to enter the housing market.”–Trulia Data Analyst Alexandra Lee.
MBA Newslink Thursday 5-10-18
“Despite a strong economy and job market, the decrease in April was likely due to a combination of rising mortgage rates and slow new construction activity, as builders still face a shortage of skilled labor and increasing materials costs, among other challenges.” –Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA Newslink Wednesday 5-9-18
“The [CFPB’s] authority to conduct administrative adjudications is one of the Bureau’s most important authorities…While the current adjudication process facilitates a speedy resolution, it does so by sacrificing important due process protections. Given the significant stakes and complex issues often involved in contested matters, this sacrifice is not appropriate. It’s true that both speed and fairness are worthy objectives for administrative adjudications, however they are not of equal value. Fairness must be the primary objective.”–MBA President and CEO David Stevens, CMB, in a letter to the Consumer Financial Protection Bureau on its administrative adjudication process.
MBA Newslink Tuesday 5-8-18
“Credit availability in April was unchanged overall, but the components told different stories. Government credit tightened slightly as investors continued to pull back on streamline refinance products, while conventional credit availability increased, driven mainly by an expansion in jumbo credit.”–MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
MBA Newslink Monday 5-7-18
“In terms of brick-and-mortar stores and the real estate that supports it, the phrase ‘retail apocalypse’ is no hyperbole. Store footprints are continuing to shrink and we are seeing droves of traditional retail assets being repurposed or simply demolished.”–Ten-X Chief Economist Peter Muoio.