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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
GFP Real Estate and Its Tenants Raise More Than $200,000 to Support Ukrainian Refugees
GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.
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
MBA Opposes Biden Administration’s Rent Control on LIHTC-Financed Multifamily Properties
MBA President and CEO Bob Broeksmit, CMB, released the following statement on the Biden administration’s planned
Statement of MBA’s Mike Fratantoni on Current Housing Market Conditions and Challenges Before the...
Mike Fratantoni, MBA's Chief Economist and SVP of Research and Industry Technology, testified today at a hearing titled, "The
A Guide on How to Become a Successful Mortgage Broker
Becoming a successful mortgage broker is an appealing career path for those interested in finance, real estate, and helping individuals achieve their homeownership dreams. As a mortgage
Commercial and Multifamily Mortgage Debt Outstanding Increased in Fourth-Quarter 2023
The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8 percent) higher than at the end of 2022, according to the Mortgage
STATEMENT BY NAREB PRESIDENT COURTNEY JOHNSON ROSE
The National Association of Real Estate Brokers (NAREB) is honored to have worked with HUD Secretary Marcia Fudge on a mission to expand affordable housing, increase homeownership for people of color, and reduce homelessness in America. NAREB congratulates Secretary Fudge on her retirement, recognizing that she will continue to embrace these goals as she writes her next chapter in an extraordinary public service career.
Cleaver, Horsford, Kamlager-Dove Call on Regulators to Investigate Navy Federal Following Alarming Reports of...
U.S. Representatives Emanuel Cleaver, II (D-MO), Ranking Member of the Financial Services Subcommittee on Housing and
Mortgage Application Payments Increased 3.8 Percent to $2,134 in January
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,134 from $2,055 in December. This is according to the
New Democrat Coalition and Congressional Hispanic Caucus Request Answers from Navy Federal Credit Union,...
New Democrat Coalition Affordable Housing Task Force Chair Norma J. Torres (CA-35), Vice Chair Emilia Sykes (OH-13) and
Share of Mortgage Loans in Forbearance Decreases Slightly to 0.22% in January
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 0.23% of servicers’
When to Sell Your Home for Cash
Deciding when to sell your home is as crucial as figuring out how to sell it. In the bustling world of real estate, selling your home for cash might sound like a swift and less burdensome option. But when is the right time to take this route? Join us as we dive into
January New Home Purchase Mortgage Applications Increased 19.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2024 shows mortgage applications for new home purchases increased 19.1 percent compared from a
Housing Affordability Remains Near Historic Low Level
Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing affordability in the fourth quarter of 2023 virtually
Mortgage Credit Availability Increased in January
Mortgage credit availability increased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
New Home Sales Bounce Back in December on Lower Mortgage Rates
Falling interest rates in the closing weeks of 2023 helped to bring buyers off the sidelines and provide a boost for new home sales. Sales of newly built, single-family homes in December increased
