MBA Advocacy Update: MBA Opposes FHA’s Partial Claim Mortgagee Letter
This week’s top legislative and policy news from the Mortgage Bankers Association.
Redfin: Pending Sales Jump in September, Existing Sales Lag
Redfin, Seattle, released a new report finding that pending sales rose 2.5% in September from August, the largest increase since January 2023.
MBA Chart of the Week: New Home Purchase Applications by Loan Type
Mortgage applications to buy newly built homes have been seeing year-over-year growth since 2023, and in the MBA Builder Applications Survey results for September 2024, purchase applications were up 11% on an annual basis.