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Category: News and Trends
Foreclosure Auction Volume Hits Six-Year High, Auction.com Finds
Auction.com, Irvine, Calif., released its Q1 Auction Market Dispatch, finding that completed foreclosure auctions reached 66% of their Q1 2020 level, and were up 10% from Q4 and up 33% year-over-year. That’s also a six-year high.
Federal Reserve Holds Rate Steady; MBA Economist Mike Fratantoni Comments
The Federal Reserve on April 29 held interest rates steady, maintaining the federal funds rate in its current range of 3.5% to 3.75%.
MBA’s Bob Broeksmit Testifies at House Hearing on Beneficial Basel III Re-proposal Recommendations for Real Estate Finance
MBA President and CEO Bob Broeksmit, CMB, testified at a legislative hearing titled, “Prioritizing Main Street: Evaluating the Impact of Capital Proposals on Economic Growth and American Communities,” before the House Financial Services Committee.
MBA Applauds Senate Introduction of TRIA Reauthorization Bill
MBA’s President and CEO Bob Broeksmit, CMB, released a statement after the introduction of the Terrorism Risk Insurance Program Reauthorization Act (TRIA) of 2026 by a bipartisan group of U.S. Senators.
Homeowner Association Liens Jump Nearly 9%
Homeowner associations filed 284,933 liens against residents across the country last year–the equivalent of one lien recorded roughly every 90 seconds–up 8.6% from 2024, according to Benutech Data Insights, Huntington Beach, Calif.
MISMO Releases Life of Loan Model, Providing an Educational Tool for the Mortgage Lifecycle
MISMO, the real estate finance industry’s standards organization, announced that the MISMO Life of Loan Model has reached Candidate Recommendation status. This milestone recognizes that the standard has been thoroughly reviewed by a broad range of industry participants and is available for implementation across the mortgage industry.
MBA Statement on CFPB Final Rule on Small Business Lending Reporting
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Consumer Financial Protection Bureau’s (CFPB) final rule (Section 1071) on the Reconsideration of Small Business Lending Under the Equal Credit Opportunity Act (Regulation B).
MBA Economist Weighs In on Q1 GDP Figures
The Bureau of Economic Analysis April 30 released Q1 gross domestic product advance estimate data, finding that it increased at an annual rate of 2%.
How Have Home Prices Versus Income Grown Since 1980?
A new report from Best Interest Financial, St. Clair Shore, Mich., and Clever Real Estate, St. Louis, Mo., analyzed how the median U.S. home price and the median household income have each changed since 1980.