The U.S. Department of Housing and Urban Development announced today a $65 million agreement with the Puerto Rico Public Housing Administration to address longstanding accessibility issues affecting housing for residents with disabilities. Read HUD’s Voluntary Compliance Agreement.
The Mortgage Bankers Association (MBA) announced today that it forecasts $1.10 trillion in purchase mortgage originations during calendar year 2017, an 11 percent increase from 2016. In contrast, MBA anticipates refinance originations will decrease by 40 percent, resulting in refinance mortgage originations of $529 billion. In total, mortgage originations are expected to decrease to $1.63 trillion in 2017 from $1.89 trillion in 2016.
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