MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on HUD’s changes to the minimum debt service coverage ratio and maximum loan-to-cost percentage levels for Federal Housing Administration multifamily loans:
Category: News and Trends
MBA Statement on the Victims of the Southern California Wildfires
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the victims affected by the wildfires in Southern California:
Redfin: Housing Affordability Improved a Bit in 2024
Redfin, Seattle, released an analysis of 2024 affordability trends, finding that there was a slight improvement in housing affordability, although it was still the second-least-affordable year on record.
Servicing Quote of the Week
“MBA believes strongly that any efforts to remove Fannie Mae and Freddie Mac (the GSEs) from their federal government conservatorships must fully consider the impact on single-family and multifamily housing markets and overall financial stability. This includes the critical move that Congress establishes an explicit federal backstop for mortgage-backed securities.”
–MBA’s President and CEO Bob Broeksmit, CMB
Neptune Flood: 20M Homes at Flood Risk, but Only 3.8M Insured
Neptune Flood, St. Petersburg, Fla., released an analysis of the U.S. residential flood insurance market, finding that while 20 million U.S. homes are at moderate-to-severe flood risk, only 3.8 million are insured.
MBA Names Jamie Woodwell SVP of Commercial/Multifamily Policy and Strategic Industry Engagement
The Mortgage Bankers Association on Monday promoted Jamie Woodwell to Senior Vice President of Commercial/Multifamily Policy and Strategic Industry Engagement. Woodwell, a 20-year veteran at MBA, will oversee the association’s public policy and member engagement efforts across all commercial real estate finance sectors, working closely with member leaders and staff to advance MBA members’ business and policy objectives.
CoreLogic: Investor Share Likely to Remain Roughly Quarter of Total Sales
CoreLogic, Irvine, Calif., released its report on Q3 2024 investor activity on home purchases, finding a small uptick from mid-year numbers.
Freddie Mac Finds Boomers Hold $17 Trillion of Country’s Total Home Equity
Three-quarters of homeowners born before 1964 are likely to leave much of their $17 trillion in home equity to their children, according to Freddie Mac’s latest analysis of Baby Boomers’ housing perceptions, preferences and plans.
Trepp Reports CMBS Delinquency Rate Rises Again in December
Trepp, New York, reported its CMBS delinquency rate rose in December, with the overall rate up 17 basis points to 6.57%.
MBA Statement on FHFA and Treasury Amendments to the Preferred Stock Purchase Agreements
MBA’s President and CEO Bob Broeksmit, CMB, issued a statement on the Jan. 2 Federal Housing Finance Agency (FHFA) and U.S. Treasury amendments to the Preferred Stock Purchase Agreements (PSPAs).