The Pulse

NAMB's Mike Anderson testifies before House Small Business Committee
On Sept. 23, 2009, National Association of Mortgage Brokers (NAMB) Government Affairs Committe Vice Chairman Mike Anderson testified before the House Small Business Committee regarding NAMB’s position on U.S. President Barack Obama's... Read more
MBA study: Commercial/multifamily mortgage debt outstanding falls in Q2
The level of commercial/multifamily mortgage debt outstanding decreased in the second quarter, to $3.47 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds data. The $3.47... Read more
Census data concludes renters facing housing issues on the rise
National Low Income Housing Coalition (NLIHC) analysis of newly released data from the 2008 American Community Survey (ACS) shows that more families at every income level are facing housing cost burdens, while households with the lowest... Read more
HUD lowers principal limit factors for HECMs
The Federal Housing Administration has released Mortgagee Letter 2009-34, that announces a new set of principal limit factors (PLFs) for the FHA's Home Equity Conversion Mortgage (HECM) program, to assist with the viability of the program... Read more
Treasury Secretary Geithner pushes CFPA at House Financial Services Committee hearing
U.S. Treasury Secretary Timothy Geithner testified before the House Financial Services Committee on Wednesday, focusing on the Obama Administration's proposed Consumer Financial Protection Agency (CFPA). Among the highlights of Geithner's... Read more
NY Rep. Velázquez comments on financial regulatory restructuring and small businesses
Rep. Nydia M. Velázquez (D-NY), chairwoman of the House Committee on Small Business, delivered the following remarks at today's hearing entitled, "The Impact of Financial Regulatory Restructuring on Small Businesses and Community Lenders... Read more
NCLC study finds foreclosure mediation programs in jeopardy
A spate of new state and local programs that have emerged over the last year requiring mediations or conferences before foreclosures sales take place have great potential to help homeowners, but are suffering from the same lack of industry... Read more
Refi applications rise as rates slide in latest MBA survey
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Sept. 18, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 12.8 percent on a... Read more
Donovan announces $300 million in Recovery Act funding to prevent homlessness
U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has awarded $300 million in Recovery Act funding to nearly 100 communities across the nation. The funding will rapidly re-house families who fall into homelessness, or... Read more
NAHB hosts Residential Real Estate Appraisal Summit
The National Association of Home Builders (NAHB) hosted a Residential Real Estate Appraisal Summit with federal regulatory agencies and the major housing and financial institution stakeholder and appraisal organizations to discuss... Read more