The Pulse

NAMB to host Emergency State of the Union Webinar on October 1st
The National Association of Mortgage Brokers will host a Webinar titled, "Emergency State of the Union: Live Q & A With NAMB President Jim Pair" on Thursday, Oct. 1 from noon-1:00 p.m. (EDT). The mortgage industry is facing huge... Read more
NAHB survey: Credit concerns threaten housing recovery
Nearly two-thirds of single-family home builders are reporting a severe lack of credit for housing production, threatening the fragile housing recovery before it has time to take hold, according to a new builder survey of acquisition,... Read more
U.S. Commerce Department data finds new home sales rise marginally in August
Following four months of solid gains, sales of newly built, single-family homes edged up by less than one percent in August as the window for an important buyer incentive began to close, according to data released by the U.S. Commerce... Read more
Credit quality declines in annual Shared National Credits review
Credit quality declined sharply for loan commitments of $20 million or more held by multiple federally-supervised institutions, according to the 32nd annual review of Shared National Credits (SNC). The credit risk of these large loan... Read more
Zillow survey says tax credit extension could grow sales in 2010
Nearly one in five (18 percent) prospective first-time homebuyers said extending the $8,000 tax credit would be the primary influence on their decision to buy a home before the end of 2010, according to a Zillow survey. That would equate... Read more
Low rates equate to increased affordability according to Freddie Mac PMMS
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.04 percent with an average 0.6 point for the week ending September 24, 2009, unchanged from last... Read more
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