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MAA Call to Action: MBA-Supported ‘Trigger Leads’ Bill Introduced; Act Today
Late last week, Rep. John Rose, R-Tenn., introduced H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act, which would eliminate abusive trigger leads while preserving their use in appropriately limited circumstances – such as communicating with existing customers.
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MBA: Share of Mortgage Loans in Forbearance Drops to 0.49% in May
The total number of loans now in forbearance decreased to 0.49% for May from 0.51% of servicers’ portfolio volume in April, the Mortgage Bankers Association’s monthly Loan Monitoring Survey reported.
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MBA Weekly Survey June 21, 2023: Mortgage Applications Increase
Mortgage applications increased 0.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 16, 2023.
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Housing Starts Leap in May
Privately owned housing starts in May hit a seasonally adjusted annual rate of 1,631,000, the Census Bureau and Department of Housing and Urban Development jointly reported Tuesday.