The MBA reports the share of mortgage loans in forbearance has fallen to 0.33% nationwide in August, just eight basis points shy of where the rate was in March 2020 at the outset of the pandemic.

At this week’s Five Star Conference & Expo in Dallas, the Institute will name the 2023 winner of the Laurie A. Maggiano Legacy Award for leaving an indelible impact on the industry, and having a positive influence on homeownership.

“No one who has bravely served our country should struggle to secure and maintain housing," said Secretary Marcia L. Fudge. "HUD is taking an important step toward helping improve the quality of life for Native American Veterans."

Ginne Mae has announced the launch of a “social bonds” label for single-family forward mortgage-backed securities supporting its mission-oriented work and spotlighting positive social impacts of its financing framework.

According to ATTOM Data’s newest Special Housing Impact Report, it found that New Jersey and Ilinois had the highest concentrations of the most-at-risk markets in the country.

Purchase demand remained strong in August for newly constructed homes, increasing 20.6% compared to a year ago, according to the MBA Builder Application Survey, while the average loan size for new homes increased to $398,092.

Citing deteriorating conditions in the bond market, declines in commercial real estate, and losses in the leveraged lending market, Sen. Elizabeth Warren voiced her concern over risks to the banking system due to rate hikes by the Federal Reserve.

Five finalists have been nominated for the Five Star Institute’s Corporate Social Responsibility Award, execs who are driving charitable initiatives, and will be honored at the upcoming Women in Housing Awards in Dallas.

Mike McAuliffe has been named CEO of Aspen Grove, succeeding Founder and CEO Seán Ryan, who willl now take over the role of Executive Chair.

The Department of Housing and Urban Development has funded an initial $18 million in grants to support energy efficiency and climate resilience in multifamily assisted housing properties as part of the Administration’s “Investing in America” agenda.