Mortgage
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Housing Starts Retreat in May
Single-family and multifamily housing starts fell in May as high interest rates for construction and development loans and mortgage rates held back both housing supply and demand. Overall housing starts fell 5.5% in May to a seasonally adjusted
Commercial and Multifamily Mortgage Debt Outstanding Increased in First-Quarter 2024
The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9 percent) in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA)
Essential Features to Look for in Your First Home
Stepping into the realm of homeownership is akin to embarking on an exhilarating adventure filled with hopes and dreams. Yet, amidst the excitement, it's pivotal to navigate this journey with a
Five Strategies to Grow Black Homeownership
In 1865, over 159 years ago, the U.S. eliminated or outlawed slavery in the U.S. with the passage of the 13th Amendment to the U.S. Constitution. One of the promises and pledges to freed slaves was that each would receive 40 acres and a mule.
Mortgage Credit Availability Increased in May
Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
Families Must Spend 38% of Their Income on Mortgage Payments, New NAHB Index Shows
A new quarterly Cost of Housing Index unveiled today by the National Association of Home Builders (NAHB) and Wells Fargo underscores the housing affordability crisis in America by
Mortgage Application Payments Increased 2.5 Percent to $2,256 in April
Homebuyer affordability declined in April, with the national median payment applied for by purchase applicants increasing to $2,256 from $2,201 in March. This is according to the Mortgage
Rep. Mace Introduces Bipartisan American Homeowner Crypto Modernization Act of 2024
Marks a significant stride towards the future of homeownership as Representative Nancy Mace introduces the American Homeowner Crypto Modernization Act of 2024. This pioneering legislation not only embraces the burgeoning realm of cryptocurrencies but also ensures the mortgage credit evaluation process reflects the evolving financial landscape. The bill is co-lead by Rep. Ro Khanna
New Home Sales in April Down on Higher Mortgage Rates
Mortgage rates that averaged above 7% since mid-April per Freddie Mac data acted as a drag on new home sales last month. Sales of newly built, single-family homes in April fell 4.7% to a
Share of Mortgage Loans in Forbearance Remains at 0.22% in April
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained unchanged at 0.22% as of April 30, 2024
CSBS Statement on FSOC Nonbank Mortgage Servicing Report
The Financial Stability Oversight Council (FSOC) released a report on nonbank mortgage servicing, including far-reaching recommendations with potentially significant consequences for
April New Home Purchase Mortgage Applications Increased 22.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2024 shows mortgage applications for new home purchases increased 22.1 percent compared from a
More Than 90% of Metro Areas Recorded Home Price Increases in First Quarter of...
More than 90% of metro markets (205 out of 221, or 93%) posted home price gains in the first quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.60% to 6.94%, according
Statement of Jeffrey Weidell, CEO of Northmarq and MBA 2024 COMBOG Chair, on Commercial...
Jeffrey Weidell, CEO of Northmarq and 2024 Mortgage Bankers Association (MBA) COMBOG Chair, testified today at a hearing titled, "Health of the Commercial Real Estate Markets and
New Nationwide Codes Mandate a Major Blow to Housing Affordability
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kan., today issued the following statement after the Biden administration
The Do’s and Don’ts of First-Time Homeownership
Buying a home is an exciting but often overwhelming experience, especially for first-timers. It’s a nuanced process that involves navigating through many important decisions, paperwork, and
Total Commercial Real Estate Borrowing and Lending Declined 47 Percent in 2023
Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47 percent decrease from the $816 billion in 2022, and a 52 percent
Existing-Home Sales Descended 4.3% in March
Existing-home sales slipped in March, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Year-over-year
Mortgage Credit Availability Increased in March
Mortgage credit availability increased in March according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
Fitzgerald Introduces Bill to Codify Credit Reporting Practices for Homebuyers
Congressman Scott Fitzgerald (WI-05) released the following statement after introducing the Accurate Credit Reporting for Homebuyers Act, a bill to codify the long-standing requirement
