Mortgage rates fell for the second straight week, triggering a jump in refinance activity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending November 5.
Category: News and Trends
New Home Lot Supply Falls to Record Low
The supply of single-family lots ready for homebuilders to build on fell to a new low in the third quarter, reported Zonda, Newport Beach, Calif.
Ahead of MBA Quarterly Survey, Reports Show Drop in Delinquencies, Rise in Foreclosures
This morning, the Mortgage Bankers Association releases its 3rd Quarter National Delinquency Survey. Ahead of the report, CoreLogic, Irvine, Calif., reported steady drops in mortgage delinquencies in August, while ATTOM, Irvine, Calif., said the end of foreclosure moratoria earlier this summer is pushing mortgage foreclosure actions higher.
Fitch: REITs Can Withstand Short-Term Inflation Pressures
Fitch Ratings, New York, said it sees limited risks to real estate investment trust credit fundamentals from a transitory inflation-rate increase, but noted prolonged elevated inflation could pressure REITs.
People in the News Nov. 10, 2021
Wipro Opus Risk Solutions LLC, Lincolnshire, Ill., appointed Kebra Rhedrick as Chief Compliance Counsel.
Dealmaker: Machine Investment Group Acquires San Jose R&D Building for $33M
Machine Investment Group, New York, acquired 1010 Rincon Circle in Silicon Valley’s North San Jose submarket for $32.6 million.
MBA Offices Closed Thursday
Offices of the Mortgage Bankers Association will be closed on Thursday, Nov. 11 in observance of the Veterans Day holiday.
Mark P. Dangelo: Coming to a Store Near YOU, the Low-Code/No-Code Revolution
The time to effectively transform our analysis of all things digital is being reduced from months to days. The revolution and rapid embrace of low-code/no-code solutions by giant Walmart will set off multiple tangential strategies to influence the consumer—all in the hands of newly empowered, front-line domain experts.
MBA Independent Mortgage Bankers Conference in Nashville Jan. 24-27
The Mortgage Bankers Association’s Independent Mortgage Bankers Conference 2022 takes place Jan. 24-27 in Nashville, Tenn.
Regina Braga of Res/Title: Margin Compression Doesn’t Have to Be Inevitable in a Competitive Market
Lenders should consider examining existing or new service providers for critical services (title, appraisal or other elements of the mortgage process that would be difficult to produce in-house, but without which, a purchase mortgage transaction simply cannot take place) much as they would their own, internal cost centers.