Mortgage applications fell for the first time in three weeks as interest rates hovered near 13-year highs, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 13.
Category: News and Trends
#MBASecondary22: Ginnie’s McCargo, FHFA’s Thompson Look Ahead
NEW YORK—As with the mortgage industry, government agencies also had to transition quickly during the coronavirus pandemic.
#MBASecondary22: A Volatile Economic Outlook
NEW YORK—The mortgage industry is coming off two of its best years in history, despite a temporary but economically devastating pandemic. Now, economists said here at the MBA National Secondary and Capital Markets Conference & Expo, the industry is entering a more challenging environment.
CSBS President & CEO John Ryan Passes Away
John Ryan, who served as President and CEO of the Council of State Bank Supervisors since 2011, died unexpectedly on May 17 in Washington, D.C. He was 58.
MBA Vice Chair Mark Jones to Testify Today Before House VA Subcommittee
Mortgage Bankers Association Vice Chair Mark Jones, CEO and Co-Founder of Amerifirst Home Mortgage, testifies this morning on behalf of MBA before the House VA Subcommittee on Economic Opportunity this Wednesday, May 18.
Highlights of MBA’s Revised May Forecasts
The Mortgage Bankers Association this week released its revised monthly Economic Forecast and monthly Mortgage Finance Forecast. Here are highlights and commentary from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan:
March Single-Family Rent Growth Hits One-Year Record High
CoreLogic, Irvine, Calif., said U.S. single-family rent price growth continued its record pace in March, up 13.6 percent from one year earlier.
CMF Briefs from EQT Exeter, Redwood Capital Group, Fannie Mae
EQT AB, Stockholm, Sweden, agreed to acquire Redwood Capital Group, Chicago, a residential core plus and value-add investment manager.
Dealmaker: RobertDouglas Advises on DoubleTree Suites Nashville Airport Refinancing
RobertDouglas, New York, advised a joint venture between Wexford Lodging Advisors and Trinity Private Equity Group in refinancing the 138-key DoubleTree Suites Nashville Airport hotel.
Builder Confidence Plunges on Rising Interest Rates, Growing Affordability Woes
In the first of several major housing reports this week, the National Association of Home Builders said builder confidence took a steep drop in May as growing affordability challenges amid rapidly rising interest rates, double-digit price increases for material costs and ongoing home price appreciation took a toll on buyer demand.