MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 9, 2018. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1 percent on a seasonally adjusted basis from one week earlier.
NLIHC

NLIHC Commends FHFA for Continuing Contributions to the National Housing Trust Fund

NLIHC commends the Federal Housing Finance Agency’s (FHFA’s) decision to continue Fannie Mae and Freddie Mac’s (the enterprises’) contributions to the national Housing Trust Fund (HTF), the first new federal housing resource in a generation that exclusively serves the lowest income seniors, people with disabilities, families with children, and people experiencing and at risk of homelessness
ASE

50×50 Commission Lays Out Challenges, Opportunities In Reducing Transportation Energy Use

The Alliance 50x50 Commission on U.S. Transportation Sector Efficiency (“50x50 Commission”) published a foundational white paper Wednesday outlining the challenges to reduce energy use in transportation and the transformation occurring through increased use of alternative fuels, advanced vehicle technologies, automation and shared mobility that can lead to significant reductions in energy use.
MBA

MBA Applauds House Passage of H.R. 3978, the TRID Improvement Act

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement praising the House passage of H.R. 3978, the TRID Improvement Act, and, in particular, the inclusion of the language from two individual bills - H.R. 2948 and the previously free-standing H.R. 3978
Financial Services Committee

Hensarling Criticizes Fannie Mae Bailout Request

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement harshly criticizing Fannie Mae’s request for bailout funds from Treasury and calling on FHFA Director Mel Watt to stand by his word and immediately suspend payments to the Housing Trust Fund.
DCHFA

District Agencies Announce Progress to Transform Parkway Overlook Community

Several District Government agencies have closed a financing deal that will preserve 220 affordable housing units in the long vacant Parkway Overlook Apartments in the Ward 8 neighborhood of Congress Heights. The project—which will consist mostly of family-sized units—will also provide workforce development training to residents and energy savings through the installation of solar panels.
Center for Biological Diversity

Trump’s Draft Budget Slashes Renewable Energy, Efficiency Funding

President Trump’s draft budget released today proposes to slash funding for the Department of Energy’s Energy Efficiency and Renewable Energy (EERE) program by $1.3 billion, a 65 percent cut from the 2017 budget. Trump’s budget serves as a starting point for congressional negotiations as well as a blueprint for the administration’s priorities.
MBA

January New Home Purchase Mortgage Applications Increased 18.4 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2018 shows mortgage applications for new home purchases increased 18.4 percent compared to January 2017. Compared to December 2017, applications increased by 34 percent. This change does not include any adjustment for typical seasonal patterns.
Natural Resources

Streamlining Federal Permitting Key to Safe, Reliable Water Infrastructure

The Subcommittee on Water, Power and Oceans held an oversight hearing on the state of the nation’s water and power infrastructure. The Subcommittee on Water, Power and Oceans held an oversight hearing on the state of the nation’s water and power infrastructure. “Water infrastructure is perhaps the most important, yet overlooked, form of infrastructure in our nation,” District Manager of Kennewick Irrigation District Charles Freeman stated.
NAHB

Builder Confidence Stays at Strong Level in February

Builder confidence in the market for newly-built single-family homes remained unchanged at a healthy 72 level in February on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth
MBA

MBA Presents JLL with Commercial/Multifamily Diversity & Inclusion Leadership Award

The Mortgage Bankers Association (MBA) today awarded JLL the 2018 Commercial/Multifamily Diversity & Inclusion Leadership Award for its efforts in organizational diversity and inclusion. "JLL's submission detailed a comprehensive, multi-faceted, program that embraces the core concept that diversity and inclusion must be deliberate and intentional," said MBA Chairman-Elect Christopher M. George, founder
WSSC

WSSC Calculates Volume of Sanitary Sewer Overflows in Prince George’s County

WSSC has calculated the total volume of the two sanitary sewer overflows (SSOs) caused by excessive rain in Prince George’s County. The first SSO occurred at WSSC’s Broad Creek Wastewater Pumping Station at 10315 Livingston Road, Ft. Washington, Md., and began at 7:48 a.m. Sunday and ended at 1:20 p.m. Sunday.
MBA

MBA Honors Tom Dennard with 2018 CREF Distinguished Service Award

The Mortgage Bankers Association (MBA) today awarded Thomas S. Dennard, Chairman and Chief Executive Officer of Grandbridge Real Estate Capital, with the 2018 Commercial Real Estate Finance (CREF) Distinguished Service Award at the Association's 28th annual CREF/Multifamily Housing Convention & Expo held in San Diego, CA
Kamran Charmsaz

Kamran Charmsaz Becomes Shareholder of KTGY Architecture + Planning

International award-winning firm KTGY Architecture + Planning is pleased to announce the addition of Kamran Charmsaz, CSI, CCCA, LEED AP, as a shareholder. Charmsaz, formerly an associate principal with KTGY, was also named a principal. Charmsaz is based in the firm’s Tysons, Virginia office and joins other KTGY Tysons shareholders: Rohit Anand, AIA, NCARB, principal; and Smita Anand, AIA, principal
MBA

Volume of Commercial and Multifamily Mortgages Maturing Drops 42 percent in 2018

According to the Mortgage Bankers Association's 2017 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes, 6 percent, or $102.2 billion, of the $1.8 trillion outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2018, a 42 percent decrease from the $175.9 billion that matured in 2017.

Editors’ Picks

Making Shopping for Your First Home a Fun Experience

Your First Home
Maybe you have plans to get married and need to secure your first home so you have a place to move into after your honeymoon. Other first time homebuyers have rental leases that are soon to expire. While finding the first piece of residential property that you are to own and live in

South Cove, First New For-Sale Residential Development in Dana Point to...

South Cove
International award-winning firm KTGY Architecture + Planning is pleased to announce the recent opening of the KTGY-designed residential models at South Cove in Dana Point, California. Built by San Diego-based real estate development company Zephyr, this is Dana Point’s first new for-sale residential development to open in decades. South Cove is a unique, barefoot community that exudes laid-back luxury in a highly-coveted coastal setting at the southern gateway of Dana Point.

Norton Reelected as Top Democrat on Highways and Transit Subcommittee

Congresswoman Eleanor Holmes Norton (D-DC) was elected by her fellow Democrats on the House Transportation and Infrastructure Committee to return as the Ranking Member of its Subcommittee on Highways and Transit.

Business Real Estate Press Releases

Kamran Charmsaz

Kamran Charmsaz Becomes Shareholder of KTGY Architecture + Planning

International award-winning firm KTGY Architecture + Planning is pleased to announce the addition of Kamran Charmsaz, CSI, CCCA, LEED AP, as a shareholder. Charmsaz, formerly an associate principal with KTGY, was also named a principal. Charmsaz is based in the firm’s Tysons, Virginia office and joins other KTGY Tysons shareholders: Rohit Anand, AIA, NCARB, principal; and Smita Anand, AIA, principal

Recent Gov & Nonprofit Real Estate Press Releases

MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 9, 2018. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1 percent on a seasonally adjusted basis from one week earlier.