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 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
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.
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
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.
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.
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.
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.
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.
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
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 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.
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
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
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.