Mortgage Bankers Association hits back at NY Times
An article in the New York Times which questioned the housing finance reform advocacy of the Mortgage Bankers Association has been refuted. The association called the claims made in the article
“inflammatory and unfounded” and in a statement it said: “MBA advocates tirelessly on behalf of all of its members, both large and small, who represent the entire real-estate finance industry. At no point during David Stevens' tenure in the government and now as president and CEO of the Mortgage Bankers Association, did he ever violate any ethics statute. MBA will be putting out a more detailed response to specific points in this story later today."
Freddie Mac boosts mortgage data
The publicly-available data on mortgages provided by Freddie Mac has been expanded. The corporation announced Monday that it would include all fixed-rate single family mortgages through its Single-Family Loan-Level Dataset. The expanded dataset contains approximately 3.3 million loan-level credit performance data on 15- and 20-year fixed-rate single-family mortgages originated between January 1, 2005, and December 31, 2014, plus approximately 18.2 million 30-year fixed-rate single-family mortgages originated between January 1, 1999, and December 31, 2014. The publicly available dataset previously only included loan-level and actual loss data on 30-year fixed-rate single-family mortgage loans.
Massachusetts realtors report near 40 per cent November sales hike
Homebuyers were out in force in Massachusetts last month. The state realtors’ association reported that sales increased by 38.5 per cent year-over-year with 4,456 single-family homes sold. Condos also surged with 1,666 units sold representing a 30.8 per cent rise from the previous November. Median prices rose to $345,000 (up 4.5 per cent) for single-family homes and to $335,000 (up 10.2 per cent) for condos. “The momentum continues, as pending home sales went up again for the 32nd time in the last 33 months,” said 2015 MAR President Corinne Fitzgerald, broker/owner of FITZGERALD Real Estate in Greenfield. “We've seen such strong buyer activity this year, I wouldn’t be surprised to see this momentum carry into 2016.”