MBA Newslinks Archive

“Today our industry is operating in the safest and soundest lending environment ever designed. MBA will work with President-Elect Trump and his Administration, as well as with the new Congress, with the goal of advancing an agenda that restores housing as a lead economic driver for individual wealth creation and the nation as a whole.”
–MBA President and CEO David Stevens, CMB, on the election of Donald Trump as the 45th President of the United States.

“The decline in foreclosures is one of the drivers in the drop in vacancies, which is positive for homeowners and communities. Heading into 2017 we see that prices, performance and production–the three most important drivers of the real estate market–are all improving.”–Anand Nallathambi, president and CEO of CoreLogic, Irvine, Calif.

“Current restricted fees have minimized the number of qualified consultants who are willing to work on 203(k) loans. This has subsequently resulted in increased turn-around times and delays to the loan process.”
–MBA Senior Vice President of Public Policy and Industry Relations Stephen O’Connor, in an MBA letter to HUD urging changes to the department’s 203(k) program.

“Home affordability still remains favorable compared to long-term historic norms, but rising interest rates could put pressure on home affordability. Right now, however, affordability remains steady as low interest rates continue to offset rising home prices.”–Black Knight Data & Analytics Vice President Ben Graboske.

“Commercial real estate markets are carrying a great deal of momentum as they close out 2016. Strong property fundamentals, increasing property values and sturdy sales activity–particularly among multifamily properties–are driving borrowing and lending to record levels.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The [interest rate-setting] Federal Open Market Committee is giving markets notice that a rate hike is pending absent a significant weakening in the job market or a sharp downturn in inflation.”–Mortgage Bankers Association Chief Economist Mike Fratantoni.

“Home-price growth creates wealth for owners with home equity. A 5 percent rise in home values over the next year would create another $1 trillion in home-equity wealth for homeowners.”–Anand Nallathambi, president and CEO of CoreLogic, Irvine, Calif.

“Rising property values, robust property fundamentals, low interest rates and a strong transaction market continue to drive potentially record setting paces in commercial and multifamily mortgage originations.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The changing velocity and pattern of tech job creation has uniquely impacted office markets. Markets that have experienced accelerated job creation are seeing faster rent growth and decreasing vacancies while slower-growing markets have seen more balanced conditions.”–CBRE Director of Research and Analysis Colin Yasukochi.

“If we can make the mortgage process easier than death, then we can create a level of comfort for the customer in the biggest financial decision of their lives.”–Nancy Pratt, vice president of partner relations and government affairs with Pavaso, Plano, Texas.