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California housing affordability continues to decline
The percentage of home buyers who can afford to purchase a median-priced home in California is declining. The sharp increase in housing demand has led to skyrocketing home prices, shutting out a large percentage of the potential home buyers. The latest California Association of REALTORS® housing affordability report indicates every region in the state, except Kings County, posted lower affordability in the second quarter compared to the previous quarter
Massachusetts Association of REALTORS® and Greater Boston Real Estate Board Testified on Behalf of...
Increasing the opportunity for aspiring homeowners to be able to live and work in Massachusetts was the goal of officials from the Massachusetts Association of REALTORS® and the Greater Boston Real Estate Board when they testified yesterday in support of the H.O.M.E. Bill before the Joint Committee on Community Development and Small Businesses at Massachusetts State House.
Heart of America Stand Down for Homeless Veterans Needs Your Help!
Please urge them to come to the Heart of America Stand Down on November 6. Homeless and at risk Veterans in Kansas City receive clothing, shoes and boots, toiletries, haircuts, ongoing community services (including housing, educational, employment, and medical assistance) from more than 100 organizations, and a hot lunch.
Peoples’ Self-Help Housing Cuts Ribbon on 43 Affordable Apartments in Carpinteria
Peoples’ Self-Help Housing cut the ribbon on its 45th affordable project, Casas de las Flores, on Thursday Oct. 15 during a ceremony celebrating completion of the long-awaited, 43-unit complex at 4096 Via Real.
Peoples’ Self-Help Housing Announces Honorary Committee Co-Chairs for 45th Anniversary Gala, Auction
Peoples’ Self-Help Housing is proud to announce the honorary co-chairs for its 45th Anniversary gala dinner and auction, the Central Coast Taste of Hope, to be held Nov. 13. Husband and wife David and Alyce Boyd, and husband and wife Richard and Karen Schloss Heimberg will serve as honorary co-chairs for the special event at the Santa Barbara Historical Museum in celebration of PSHH providing affordable housing on the Central Coast for 45 years.
Scientific and Technical Experts Wanted to Resolve Flood Map Challenges
The National Institute of Building Sciences is seeking qualified scientific and technical professionals from the public, private and academic sectors to serve on Scientific Resolution Panels (SRPs) responsible for recommending to the Federal Emergency Management Agency (FEMA) resolutions to community challenges to FEMA’s National Flood Insurance Program flood maps.
Top Tips to Get Your Home Ready for Winter Weather
To help prepare your home for the winter weather, the National Association of Home Builders (NAHB) Remodelers has provided home maintenance tips that are designed to increase energy-efficiency and decrease the chance of emergency repairs.
Multifamily Gains Push Housing Starts Up 6.5 Percent in September
Led by a jump in multifamily production, nationwide housing starts increased 6.5 percent to a seasonally adjusted annual rate of 1.206 million units in September from an upwardly revised August reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily starts rose 18.3 percent to a seasonally adjusted annual rate of 466,000 units while single-family production edged up 0.3 percent to 740,000 units.
2015 Class of LEED Fellows Announced
Green Business Certification Inc. (GBCI) today announced its 2015 class of LEED Fellows. This year’s 35 Fellows are being honored for their outstanding work as LEED professionals and for the significance of their contributions to the green building community at large. The LEED Fellow designates the most exceptional professionals in the green building industry, and it is the most prestigious designation awarded from GBCI
MBA’s Future Leaders Program Graduates 57 Residential and Commercial/Multifamily Real Estate Finance Professionals
The Mortgage Bankers Association (MBA) today recognized a total of 57 mortgage professionals -- 34 from the residential market segment and 23 from the commercial/multifamily market segment -- in a graduation ceremony for MBA's Future Leaders Program held at MBA's Annual Convention & Expo in San Diego, California.
Jim and Judy Deitch, Deitch Family Foundation Presented with MBA Opens Doors Foundation Community...
the Mortgage Bankers Association (MBA) announced Mr. and Mrs. Jim and Judy Deitch and the Deitch Family Foundation, are the recipients of the "MBA Opens Doors Foundation Community Champion Award." The award recognizes those who have dedicated significant time and effort to advance the foundation's mission to enable families with a critically ill or injured child to keep their home, even in the face of significant medical bills
MBA Projects Purchase Originations Increasing Ten Percent in 2016
The Mortgage Bankers Association announced today that it expects to see $905 billion in purchase mortgage originations during 2016, a ten percent increase from 2015. In contrast, MBA anticipates refinance originations will decrease by one-third, resulting in refinance mortgage originations of $415 billion. On net, mortgage originations will decrease to $1.32 trillion in 2016 from $1.45 trillion in 2015.
Are E-commerce Fulfillment Centers Valued Differently Than Warehouses And Distribution Centers?
Are fulfillment centers distinct real estate products? Some in the industry believe they are; others believe they are not. According to the results a new report published by the NAIOP Research Foundation, fulfillment centers are not significantly different from nor significantly more valuable than other types of warehouse and distribution facilities.
Understanding the Criteria and Benchmarks for Federal Certification of Ending Veteran Homelessness
On Oct. 29, 2015 at 3:00 p.m. EDT, the U.S. Interagency Council on Homelessness is hosting a webinar to discuss the recently released criteria to meet Federal standards of ending veteran homelessness and how to use it to align your local efforts in support of that vision, with a focus on long-term, lasting solutions. We will also talk about the Federal process for confirming your community's achievement of the goal.
MBA Announces New Directors, Governors, and Committee Chairs for 2016
The Mortgage Bankers Association (MBA) today announced its new Board of Directors, members of the Residential Board of Governors (RESBOG), members of the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG), and Residential Committee Chairs for 2016
Quicken Loans’ Bill Emerson Sworn in as 2016 MBA Chairman
Bill Emerson, Chief Executive Officer of Quicken Loans, Inc., was sworn in today as Chairman of the Mortgage Bankers Association (MBA) during the Association's 102nd Annual Convention & Expo in San Diego, California.
MBA Education Recognizes 17 New Certified Mortgage Bankers
Education, the award-winning education division of the Mortgage Bankers Association (MBA), recognized 17 individuals who earned the Certified Mortgage Banker (CMB) designation at a ceremony held at MBA's 102ND Annual Convention & Expo in San Diego, CA. Earning one's CMB is the highest professional honor within the real estate finance industry.
Dan Phelan Presented with MBA Education Rosser Lifetime Achievement Award
The Mortgage Bankers Association's (MBA) today presented Dan Phelan, CMB, CRI, CCMS, with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award. "Dan is one of the industry's strongest advocates for MBA's School of Mortgage Banking," said Bill Emerson, MBA Chairman. "He believes that enhanced industry education is the path to restoring faith and confidence among consumers and policymakers in our industry and those individuals who practice it.
MBA Honors U.S. Bank Home Mortgage’s Dan Arrigoni with Distinguished Service Award
The Mortgage Bankers Association (MBA) honored Dan Arrigoni, formerly president of U.S. Bank Home Mortgage, with its Andrew D. Woodward Distinguished Service Award. The award is presented in recognition of dedication and prominent service to MBA and the mortgage lending industry in a variety of capacities involving both legislative and regulatory activities. Arrigoni was presented the award in a ceremony held at MBA's Annual Convention & Expo in San Diego, CA.
Mortgage Bankers Association and Freddie Mac Announce Alliance to Provide New Benefits to MBA...
The Mortgage Bankers Association (MBA) and Freddie Mac (OTCQB: FMCC) today announced an alliance to offer MBA members a series of quality benefits and solutions designed to add value in today's market. Through this partnership, eligible-MBA members will gain access to special mortgage product flexibilities and enhanced training benefits. This announcement was made at the Mortgage Bankers Association's 102nd Annual Convention and Expo in San Diego, CA.