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Volume 23 Issue 89

Tuesday, May 07, 2024

Mortgage Credit Availability Increased in April

Mortgage credit availability increased in April according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.

MBA, HPC Send Letter to VA on VASP Implementation

The Mortgage Bankers Association and Housing Policy Council recently sent a letter to the Department of Veterans Affairs (VA) regarding more information and guidance about implementation of the Veterans Affairs Servicing Purchase (VASP) program.

ICE Mortgage Monitor: Q1 Sees Record Levels of Tappable Equity

Intercontinental Exchange Inc., Atlanta, released its ICE Mortgage Monitor report for May, finding that homeowners with mortgages closed out the first quarter with a record $16.9 trillion in equity--$11 trillion of which was tappable.

MBA VIDEOS

MBA Research Minute

MBA Research Minute

MBA Eye on Washington

MBA Eye on Washington

MBANow With MBA's Dawn Williams on #MBASecondary24

MBANow With MBA's Dawn Williams on #MBASecondary24

MBANow: Rick Hill Discusses the MBA/MISMO AI Workshop

MBANow: Rick Hill Discusses the MBA/MISMO AI Workshop

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TOP NATIONAL NEWS

Trade Groups Express Concerns on VA Timeline for Defaulted Loan Purchase Program
Return to the ’70s? Today’s Housing Market has Echoes of Dark Era
Property’s Waiting Game Is Getting Harder
How America’s Pent-up Housing Demand Will Be Unleashed
When Buying a Home Is Treated as a National Security Threat
Renters Have Never Been So Pessimistic About the Possibility of Owning a Home
Homeowners Spend Nearly $18,000 a Year on Costs Aside From Their Mortgage

MBA NEWS

Rethink Everything You “Know” To Be A Next Gen Loan Officer: A Webinar Series–Next Event May 14
Benchmarking & Performance Ratios Mortgage Bankers Must Know-Aug. 20
Certified Mortgage Compliance Professional (CMCP) Designation

Quote: May 7, 2024

"Mortgage servicers are committed to the successful launch and long-term viability of the VASP program and realize its potential to help struggling Veterans. Achieving these goals and setting up an effective VASP program will require all stakeholders to execute a complex loss mitigation and servicing transfer process. We are concerned with the lack of information and guidance on how to do so." --From an MBA/Housing Policy Council letter to the Department of Veterans Affairs

Industry Briefs, May 8, 2024

Industry news from Skyline Property Insight, Truv, BeSmartee, Vesta and Xactus.

May 06, 2024

Bridging the Homeownership Gap Through Collaborative, Collective Efforts–Sponsored Content from MGIC

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There’s something different in the air. Within the last 3 to 4 years, there’s been a genuine interest and growth in cross-sector collaboration on solving the persistent disparities that exist in homeownership rates between white and minority households.

May 06, 2024

Dealmaker: Greystone Provides $20.2M Freddie Mac Loan for Philadelphia Property

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Greystone, New York, provided a $20.2 million Freddie Mac Optigo loan to refinance a construction loan for a multifamily property in Philadelphia.

May 07, 2024

MBA Chart of the Week: Mortgage Payment to Rent Ratio

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MBA recently released its March Purchase Applications Payment Index data which revealed that homebuyer affordability took another hit in March with the typical homebuyer’s monthly payment eclipsing $2,200 for the first time in the series.

May 06, 2024

MBA Advocacy Update: Federal Reserve Maintains Federal Funds Rate; Treasury Secretary Yellen Unveils “Green Book,” Defends Biden FY2025 Budget Proposal

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This week’s top legislative and policy news from the Mortgage Bankers Association.

May 06, 2024

MCT Survey: Industry Experts Optimistic on Volume

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Mortgage Capital Trading, San Diego, recently surveyed more than 100 industry professionals on their outlook for the market in 2024. Almost three quarters--74.1%--expect their mortgage volume to be higher this year than in 2023.

May 06, 2024

MBA Q&A with SingleSource Property Solutions’ Brian Cullen: Moving Vacant Properties to Active Housing Inventory

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MBA NewsLink recently spoke to SingleSource Property Solutions' CEO and co-founder Brian Cullen about moving vacant properties to active housing inventory.

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