The Federal Reserve’s Federal Open Market Committee left interest rates unchanged Jan. 29.
Category: News and Trends
MBA’s Actions, Updates Regarding Clarity of OMB Memo
As of close of business on Jan. 29, the White House has rescinded the Office of Management and Budget memo released Jan. 27 addressing federal funding.
Quote of the Day
“We realized that something like 20% of the time your employees spend daily is on chat, text and email, drafting documents to borrowers. So we took a look at this and realized we can use some of these tools to help just that little efficiency. And if you make your loan officer or your processor that much more efficient, then they have time to deliver better customer service, or to work on more loans.”
–Lennar Financial Services Chief Information Officer Thomas Moreno on AI technology
MBA Education Webinar Recordings
All MBA Education webinar recordings are available for free to MBA members. With more than 100 timely webinars a year, we are constantly curating the list of what is available in order to provide detailed and current information.
Hotel Construction Reaches Historic High
Lodging Econometrics, Portsmouth, N.H., reported U.S. hotel construction hit a new high in the fourth quarter.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 24, 2025. This week’s results include an adjustment for the Martin Luther King holiday.
MBA Asks Federal Government Agencies for Clarity on OMB Memo; Provides Info
MBA’s President and CEO Bob Broeksmit, CMB, released a statement requesting clarification from federal government agencies on the Office of Management and Budget memo released on Jan. 27.
MBA: Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s latest commercial real estate finance (CREF) Loan Performance Survey.
Quote of the Day
“In addition to the housing experience the Pulte name brings, he will be a thoughtful and deliberate leader of the agency that regulates the GSEs that sit at the center of our housing finance system.”
–MBA President and CEO Bob Broeksmit, CMB, discussing FHFA director nominee Bill Pulte at MBA’s IMB conference
Broeksmit: Big Challenges, Big Opportunities
AUSTIN–The last few years have seen big challenges for mortgage bankers: COVID, market disruptions, inflation, and high interest rates to name a few. But there are many opportunities for mortgage bankers to be part of something that will benefit our industry and our customers, according to MBA President and CEO Bob Broeksmit, CMB.