“The residential sector has been hit hard by a sharp increase in mortgage rates over the past few months. Higher borrowing costs as home prices continue to rise a fast pace have put a major dent in new home sales, which appear to be causing home builders to scale back production.”
–Mark Vitner, Senior Economist with Wells Fargo Economics, Charlotte, N.C.
The Mortgage Bankers Association’s annual Human Resources Symposium takes place Sept. 8-9 in Arlington, Va.
Commercial/multifamily mortgage debt outstanding increased by $74.2 billion (1.8 percent) to record levels in the first quarter, the Mortgage Bankers Association reported Thursday in its quarterly Commercial/Multifamily Mortgage Debt Outstanding Report.
Bruno Pasceri is President of Incenter LLC, Fort Washington, Pa., which helps mortgage bankers optimize processes and improve performance.
MBA CONVERGENCE presents a timely webinar, Understanding and Serving Today’s Buyer, on Thursday, June 23 from 3:00-4:00 p.m. ET.
Following weeks of gloomy economic news and rising inflation, the Federal Open Market Committee pulled out nearly all the stops on Wednesday, hiking the federal funds rate by 75 basis points for the first time in nearly 30 years.
May mortgage applications for new home purchases fell by 4 percent from April and by 5 percent from a year ago, the Mortgage Bankers Association reported Thursday.
Redfin, Seattle, reported single-family rental real estate investors purchased fewer houses in the first quarter than in prior quarters.
The MBA Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
Commercial/multifamily mortgage debt outstanding increased by $74.2 billion (1.8 percent) to record levels in the first quarter, the Mortgage Bankers Association reported Thursday in its quarterly Commercial/Multifamily Mortgage Debt Outstanding Report.
