MBA warns housing supply may start outpacing demand in some markets

🐪 Wednesday’s here! Today’s newsletter is 642 words, a 2.5-minute read. Let’s go!

1. Two Harbors delays vote again as CCM deal faces majority opposition

Two Harbors has postponed its shareholder vote to July 2 — the fourth delay — after SEC filings revealed that as of June 15, 54% of the 73% of shareholders who had voted were opposed to the CrossCountry deal. The board needs more time to turn the proxy count around.

The board continues to back the CCM offer of $12 per share in cash plus a stub dividend, calling it a 21% premium to the pre-deal share price. UWM is still in the picture with a $12.50 cash offer — but its stock alternative, based on UWMC's June 12 closing price of $2.38, would have implied just $5.55 per share.

47 of 53 required regulatory approvals are in place. If the vote passes July 2, the deal is still expected to close in August.

Related: UWM, Two Harbors CEOs clash in emails ahead of CCM deal vote

2. Housing bill passes House, goes to Trump's desk

The House passed a major housing affordability bill Tuesday aimed at boosting the supply of homes and cracking down on large investors’ buying up houses.

The bill passed 358-32 one day after it cleared the Senate by a vote of 85-5. It now goes to President Donald Trump, who is supportive and is expected to sign it into law.

The bill had stalled for months amid disputes between the House and the Senate. But a breakthrough came last week when key committee leaders in both chambers struck a deal.

Related: How the housing bill quietly helps out fintech, crypto

A MESSAGE FROM MARKETBEAT

Wall Street’s New Shopping List

Wall Street is shifting billions into a select group of stocks, and MarketBeat’s updated 10 Best Stocks to Own in 2026 report reveals exactly which ones. Get the 10 names attracting fresh capital before the crowd catches on. Send My Free Report

3. More Nuggets

💼 Freedom accuses former executive of stealing trade secrets. (NMN)

🔒 Pennymac to close Tennessee office, lay off staff. (HousingWire)

🚀 Rocket Pro meets brokers halfway with ARIVE expansion. (NMP)

📝 FHFA looks to push chattel loans in Duty to Serve revision. (FedRegister)

4. MBA warns housing supply may start outpacing demand in some markets

A new MBA white paper says the narrative is shifting. After years of undersupply driven by strong millennial household formation and pandemic-era demand, conditions are rebalancing — vacancy rates are rising, rent growth is slowing, and for-sale inventory is expanding.

Looking ahead, MBA researchers warn that slower household formation driven by an aging population, lower fertility rates, smaller younger adult cohorts, and reduced immigration could reduce demand just as new supply continues to arrive.

If construction stays elevated while household formation slows, some markets could see supply outpace demand, putting downward pressure on home prices and origination volumes.

Related: Seller concessions hit record spring high

5. CertifID acquires closing automation platform CloseSimple

CertifID, which has blocked more than $283 million in fraud attempts and recovered over $132 million for victims, is acquiring CloseSimple, a platform that automates status updates, client-facing portals, and workflow coordination across the closing process. Financial terms were not disclosed.

The deal pairs fraud prevention and payment protection with closing automation — addressing two of the biggest pain points for title companies simultaneously. It follows CertifID's 2025 acquisition of digital payments platform Paymints, continuing a broader push to build a platform spanning security, payments, and transaction management.

☀️ You’re all caught up. See you on Friday!

🚀 Wanna help our newsletter grow? Forward it to a friend or colleague.

Would you like to receive a ready-to-send weekly marketing email for your realtors and/or clients? Start your 30-day free trial here.

Was this email forwarded to you? Subscribe here.