MBA Endorses Plan to Significantly Increase Black Homeownership by 2030
The Mortgage Bankers Association endorsed an announcement by the Black Homeownership Collaborative to close the Black homeownership gap through its 7-point plan – a solutions-based initiative to increase Black homeownership by 3 million net new households by 2030.
MBA, Lenders Seeks Clarity on Juneteenth Holiday Designation
With unusual speed and rare bipartisan agreement, Congress last week passed, and President Biden signed, legislation designating June 19—colloquially known as “Juneteenth”—a federal holiday, a move welcomed by Americans and supported by the Mortgage Bankers Association and thousands of businesses nationwide. But the speed of the designation—with Friday, June 18 designated a federal holiday—resulted in unintended consequences and disruption for the mortgage lending industry.
The State of the Nation’s Housing: Millions Face Risk of Eviction or Foreclosure
Households that weathered the pandemic without financial distress are “snapping up” the limited supply of homes for sale, pushing up prices and excluding less-affluent buyers from homeownership, the Joint Center for Housing Studies at Harvard University reported Wednesday.
1st Quarter Home Flipping Rate at 21-Year Low; Profits Decline
ATTOM, Irvine, Calif., said home flipping activity fell in the first quarter to the lowest level since 2000.
MBA Statement on Changes to FHA’s Calculation of Student Debt
Statement by MBA President and CEO Bob Broeksmit, CMB, regarding the announced changes to FHA’s calculation of student debt:
