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Shift to purchases: Higher rates squeeze 2026 refi volume

The leading mortgage trade group is downgrading its origination forecasts as rates are cutting into anticipated refinance volume.  Processing Content The Mortgage Bankers Association is projecting $2.147 trillion in total originations for 1- to 4-family unit properties this year, it said Friday. That’s a slight decline from the $2.163 trillion projection in July, and on […]

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CDFIs file lawsuit against Treasury to release funding

Key insight: The lawsuit is the latest escalation in a running battle between CDFIs and their supporters and the Trump administration, which has repeatedly blocked funding for the popular program.  What’s at stake: The CDFI fund recipients include banks, and many banks get Community Reinvestment Act credit for grants to the financial institutions.  Forward look:

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Bumps in the ROAD Act led to slowdown in build-to-rent space

The tortuous, but ultimately successful, path to passage of the recent housing bill brought with it a noticeable slowdown in build-to-rent construction this year.  Processing Content Builders broke ground on approximately 15,000 single-family BTR constructions in the second quarter. Volume came in “measurably” down from 18,000 units in the same three months in 2025, according

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