MBA CONVERGENCE presents a timely webinar, Understanding and Serving Today’s Buyer, on Thursday, June 23 from 3:00-4:00 p.m. ET.
Category: News and Trends
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“Despite strong employment and wage growth, housing affordability has worsened since the start of the year. Mortgage payments are taking up a larger share of homebuyers’ incomes and sky-high inflation is making it more difficult for some would-be buyers to save for a down payment or come up with the additional cash they need to afford a higher monthly payment.”
–Edward Seiler, MBA Associate Vice President of Housing Economics and Executive Director of the Research Institute for Housing America.
MBA: 1Q IMB Production Profits Decrease
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $223 on each loan they originated in the first quarter, a sharp drop from a reported gain of $1,099 per loan in the fourth quarter, the Mortgage Bankers Association reported Tuesday.
Chris Joles of Planet Home Lending: How Should Mortgage Bankers Measure Climate Risk?
Whether or not you personally believe climate change exists, the White House, federal regulators, states and even other countries are clearly signaling that mortgage companies need to measure climate risks.
MBA Weekly Applications Survey May 25, 2022: Refi Fade Keeps Activity Down
Mortgage applications fell for the second straight weeks even though mortgage interest rates also fell over the same period, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 20.
MISMO Commends Ginnie Mae on Enhancements, Updates, Support of Industry Standards
Seth Appleton, president of MISMO®, issued the following statement in support of Ginnie Mae’s recent announcement regarding updates and enhancements to its Digital Collateral Program and eGuide:
Tom Lamalfa: May 2022 Secondary Market Conference Survey Report and Scorecard
Tom Lamalfa is a 44-year veteran of mortgage market research, whose focus in recent years has been on federal housing policy. He is president of TSL Consulting, Cleveland Heights, Ohio. His semi-annual reports on the housing and mortgage finance industries appear regularly in MBA NewsLink.
April New Home Sales Fall to 2-Year Low
New home sales in April suffered double-digit percentage losses for the second consecutive month, falling to their lowest level since June 2020, HUD and the Census Bureau reported Tuesday.
Pricey Suburbs Take Lead in Most Popular Markets
It’s not exactly a race, but so far in 2022, home values in the suburbs sped ahead of urban growth values, continuing a trend began last summer, said Zillow, Seattle.
Industry Briefs May 19, 2022: CFPB Launches New Effort to Promote Competition in Consumer Finance
The Consumer Financial Protection Bureau is opening a new office, the Office of Competition and Innovation, as part of a new approach to help spur innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants.