MBA Newslinks Archive

“When we drive a car, the rear view mirror is small, but the windshield is wide open. As an industry, where we have been is important. We do not want to forget the lessons we have learned and the progress we have made in the recent past, but the important work is in the opportunities that lie ahead.”–MBA Chairman Rodrigo Lopez, CMB.

“Strong household formation coupled with further job growth, rising wages and continuing home price appreciation will drive strong growth in purchase originations in the coming years. This comes in context of a strong job market. We see a lot of positive demographics–household formation is picking up and will continue to do so in coming years.”–MBA Chief Economist Mike Fratantoni.

“Each passing meeting with inaction from the Fed casts further doubt about how much fixed-income investments will improve over the short term. Therefore, the attractiveness of single-family rentals is getting amplified.”–Steve Hovland, research director with HomeUnion, Irvine, Calif.

“Rules should be clear; accountability should be rational. Credit, including private capital, must be accessible.”–MBA President and CEO David Stevens, CMB.

“While the Federal Reserve Bank will likely increase interest rates later this year, rates would have to turn sharply higher to push the rent vs. buy decision towards renting. Nationally and in the 100 largest markets, rising home prices are more likely to have an impact on homebuyers’ bottom line than increasing rates.”–Ralph McLaughlin, chief economist with Trulia, San Francisco.

“Multifamily mortgage borrowing and lending set a new record in 2015. Demand for mortgages was driven by strong property fundamentals, increasing property values, a robust transaction market and low interest rates.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“mPower is designed to recognize and promote the rise of women in the real estate finance industry, as well as the overall workforce. Our goal is to provide information, events and a networking platform to help women maximize their overall potential.” –MBA Chief Operating Officer Marcia Davies.

“From the beginning, collaboration has been key to MISMO’s mission to serve the mortgage industry. MISMO Connect builds upon this tradition of collaboration by providing a rich, interactive environment where MISMO members can discuss ideas, share resources and receive up-to-the-minute information on MISMO workgroup activities.” –Jan Davis, Vice President of MISMO.

“The sharing economy’s de-emphasis on ownership will be reflected in soaring demand for rental units. Well over half of the new households created over the next decade will rent, including those who have never owned and those making the switch from owning to renting as they age.”–From an Urban Land Institute report on homeownership/renter demographics.

“The average credit score for a borrower today is about 40 points higher than it was back in 2000–by most accounts a healthy time for the market–and overall, the market is simply taking on much less credit risk that it was back then. With their lower average credit scores, Hispanics are disproportionately affected by this tightening, particularly at the Federal Housing Administration.”–Jim Parrott and Yamillet Payano, authors of an Urban Institute report on Hispanic homeownershp rates.