The Mortgage Bankers Association issued a white paper examining how climate change is dramatically reshaping lenders’ and policymakers’ approaches to the U.S. real estate market.
Category: News and Trends
CFPB Moves to Reduce Junk Fees Charged by Debt Collectors
The Consumer Financial Protection Bureau issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees.
ATTOM: New Jersey, Illinois, California Have Highest Concentration of ‘Vulnerable’ Housing Markets
ATTOM, Irvine, Calif., released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, unemployment and other measures in the first quarter.
Quote
“Because real estate owners and other real estate market participants keenly focus on the identification, assessment, mitigation, underwriting, insurance and pricing of risk, they create a unique case study for understanding the ways in which climate-related risks are likely to impact individual actors and the market ecosystem as a whole.”
–From an MBA white paper examining how climate-related risks are dramatically changing the U.S. real estate market.
Report: Climate Change Poses Serious Threat to U.S. Real Estate
Home prices in areas most affected by climate change are increasing faster than the national median, reported Home Bay, St. Louis.
Aaron Davis and Jonathan Kearns: Making the Case for Universal eClosings
As we emerge from two years of the pandemic, a new reality is clear: it is getting easier to conduct digital closings, thanks to improving technology and an increased awareness of the possibilities.
MBA’s Bob Broeksmit, CMB, 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.
Carolyn Thomas of KHA Alpine Advisors: Business Volumes Demand Efficient Solutions to Your Accounting and Compliance Needs
With a shift in the mortgage industry, the demand for outsourcing continues to grow, especially in the professional services sector.
Anita Bush of FICS: Mortgage Servicers Must Improve Support for Borrowers with Limited English Skills
Mortgage servicers must provide language resources for borrowers with limited English proficiency. The 2020 Census confirmed what mortgage professionals have experienced over the past decade – America’s diversity increases every year with minority homeownership growing rapidly.
Multifamily Rent Growth Still Climbing
The momentum surrounding multi-housing rent growth has continued in 2022 and currently outpaces inflationary growth, reported JLL Capital Markets, Chicago.