Redfin, Seattle, reported the typical U.S. homeowner has spent 12.3 years in their home, down from the peak of 13.4 years hit in 2020 and 12.9 years in 2021.
Category: News and Trends
Trepp: 2022 Life Insurance Mortgage Returns Worse Than 2008
Trepp LLC, New York, said its life LifeComps index of insurance company commercial mortgage investments saw a -10.1% return in 2022, largely due to a -14.3% appreciation return.
MBA, Business Coalition Letter Opposes FTC Non-Compete Ban Proposed Rule
The Mortgage Bankers Association, the U.S. Chamber of Commerce and more than 300 industry trade and business groups sent a letter to the Federal Trade Commission to “unequivocally oppose” a proposed rule that would impose a nationwide ban on nearly all non-compete clauses.
Quote: Tuesday Mar. 7, 2023
“Policymakers must provide the certainty necessary for the industry to transition beyond the pandemic by addressing two issues: 1) the necessary extension of the successful ‘temporary flexibilities’ into permanent solutions and 2) loss mitigation in a high-interest rate environment. It will be essential for Congress, the administration and policymakers at all levels to take the coordinated actions necessary to ensure that servicers can continue to support struggling borrowers.”
–From an MBA White Paper on loss mitigation strategies.
MBA Secondary and Capital Markets Conference in NYC May 21-24
The Mortgage Bankers Association’s Secondary & Capital Markets Conference returns to the New York Marriott Marquis May 21-24.
Zillow: Homes Owned by Black Families Appreciated Fastest During Pandemic
Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity, reported Zillow, Seattle.
(#MBAServicing23): Leading Through Change and Uncertainty
ORLANDO–Mortgage servicing executives here at the MBA Servicing Solutions Conference & Expo stressed flexibility and adaptability in a rapidly changing business environment.
(#MBAServicing23) Jones: More Challenges Ahead for Servicers
ORLANDO–Mortgage Bankers Association Chairman-Elect Mark Jones kicked off the MBA Servicing Solutions Conference & Expo here with a thank-you to the mortgage servicing industry’s “heroic” work during the coronavirus epidemic, now in its third full year.
(#MBAServicing23) Government Agencies Stress Flexibility
ORLANDO—Representatives of government agencies here at the Mortgage Bankers Association’s Servicing Solutions Conference & Expo stressed their agility in addressing key issues facing mortgage servicers.
(#MBAServicing23) FHA Announces 30bp Reduction in Mortgage Insurance Premiums
ORLANDO–The Federal Housing Administration announced here at the MBA Servicing Solutions Conference & Expo that it will reduce the mortgage insurance premiums it charges home buyers for its mortgage insurance.