MBA Cancels Conferences through May

The Mortgage Bankers Association announced it has canceled the following conferences through May amid the continuing coronavirus pandemic:

Zillow: Home Value Growth Ends 21-Month Slowdown

First the good news: Zillow, Seattle, reported after a nearly two-year slowdown, year-over-year home value growth rose in February. The typical home value in the U.S. is now $247,084, a 3.9% increase from a year ago, according to the February Zillow Real Estate Market Report.

FDIC Chair Calls for FASB to Delay CECL Rule Amid Pandemic

Federal Deposit Insurance Corp. Chair Jelena McWilliams, in a Mar. 19 letter to the Financial Accounting Standards Board, urged FASB to delay or postpone implementation of its current expected credit losses accounting rules.

MBA Cancels Conferences through May

The Mortgage Bankers Association yesterday announced it has canceled the following conferences through May.

MBA Cancels Conferences through May

The Mortgage Bankers Association this afternoon announced it has canceled the following scheduled conferences through May:

MBA Cancels All Spring Conferences

Amid continued concerns over the COVID-19 coronavirus pandemic, the Mortgage Bankers Association today said it has canceled all upcoming spring conferences through May.

FHFA, HUD Suspend Foreclosures/Evictions for 60 Days

HUD and the Federal Housing Finance Agency yesterday announced they would suspend foreclosures and evictions for Fannie Mae, Freddie Mac and FHA mortgages for at least the next 60 days amid the coronavirus pandemic.

Calm Before the Storm? February Housing Starts Dip 1.5%, Pre-Coronavirus

HUD and the Census Bureau reported privately owned housing starts in February fell slightly to a seasonally adjusted annual rate of 1.599 million—a not discouraging number, analysts said, ahead of the yet-to-be-seen impact of the coronavirus pandemic.

Mortgage Applications Down in MBA Weekly Survey

It seemed inevitable: after a huge 55 percent jump last week—and a sharp increase in mortgage interest rates in recent days—mortgage applications really had no place to go but down this week.