National Mortgage Professional, Oct. 16, 2023–Lew SichelmanA huge pool of 2.7 million potential home buyers await lenders who adopt the new scoring models in 2025 as required by regulators, according …
Category: Top National News
MBA Forecasts Slow Rise In Mortgage Business With Optimistic Outlook for 2025
National Mortgage Professional, Oct. 16, 2023–Lew SichelmanEconomists from the Mortgage Bankers Association anticipate a gradual recovery in the mortgage sector, with rates expected to dip and origination volumes set to …
MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
Weekly Real Estate News, Oct. 16, 2023–Phil HallThe Mortgage Bankers Association is forecasting an increase in total mortgage origination to $1.95 trillion in 2024 from the $1.64 trillion expected in …
Adjustable-Rate Mortgages are Making a Comeback
CNN, Oct. 16, 2023–Anna BahneyAdjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest …
MBA Leadership Says it’s “Playing Offense” to “Stop the Madness”
HousingWire, Oct. 16, 2023–James KleimannThe market is rocky, margins are tight. And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in …
Philly Fed President Harker: “We Are at the Point Where We Can Hold Rates”
HousingWire, Oct. 16, 2023–Connie KimPhiladelphia Federal Reserve President Patrick Harker advocated for stopping interest rate hikes, noting that disinflation is under way. “I believe that we are at the point …
How Does Today’s Housing Market Look Next to the 2006 Housing Bubble?
Deseret News (Utah), Oct. 15, 2023–Katie McKellarSixteen years after the mid-2000s housing bubble popped and sent the global economy spiraling into the Great Recession, a new Goldman Sachs analysis looks …
Newsom Signs Off on Bills to Increase California Housing Production, Bolster Tenant Protections
San Jose Mercury-News, Oct. 16, 2023–Kate TalericoCalifornia Governor Gavin Newsom signed over 50 housing bills meant to increase the production of housing and protect tenants.Click here for more.
Home Sales on Track for Slowest Year Since Housing Bust
Wall Street Journal, Oct. 16, 2023–Nicole FriedmanThe highest mortgage rates in 23 years are dragging down home sales to their lowest levels since the subprime crisis period.Click here for more.
Mark Jones Takes The Reins As Chairman Of Mortgage Bankers Association
National Mortgage Professional, Oct. 16, 2023–Christine StuartAt the Mortgage Bankers Association’s 2023 Annual Convention & Expo in Philadelphia, Mark Jones, president of Union Home Mortgage, was inaugurated as chairman.Click here …