Industry Briefs, June 28, 2022

Lender Price, Pasadena, Calif., released Marketplace 2.0, a major enhancement to its Broker Marketplace platform.

Broeksmit Weighs in on How to Narrow Minority Homeownership Gap

Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said Special Purpose Credit Programs can provide lenders with an effective way to serve minority groups who do not have access to generational wealth.

May New Home Sales Jump 11%

May new home sales proved to be a solitary bright spot in a month of otherwise disappointing housing reports, rising by nearly 11 percent from April, HUD and the Census Bureau reported Friday.

May Housing Starts Plunge Amid Market Volatility

Housing starts fell sharply in May, HUD and the Census Bureau reported Thursday, as continued market volatility and higher interest rates took a toll on both consumers and home builders.