The Mortgage Bankers Association and more than a dozen industry trade groups on Monday urged Senate leadership to support legislation that would address “tough legacy” contracts that currently reference the soon-to-expire London InterBank Offered Rate.
Category: News and Trends
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“With rates 87 basis points higher than the same week a year ago, refinance applications continued to decrease. Purchase activity slowed after the previous week’s gain. Both conventional and FHA purchase applications saw proportional declines, resulting in purchase activity overall dropping 10 percent.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA Chart of the Week: Job Openings for Selected Industries
In this week’s MBA Chart of the Week, we updated the JOLTS monthly data series on job openings for selected industries.
CREF22 in San Diego Feb. 13-16
The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo takes place Feb. 13-16 at the Manchester Grand Hyatt in San Diego.
Mark P. Dangelo: Digital Transformations Meet the Metaverse
Financial executives once thought that digital transformation initiatives represented a “one-and-done” series of projects to reduce paper, improve processes, and leverage technologies. That was then. Moving forward, these financial leaders will confirm if their digital transformations were enough to succeed in the next reality—the metaverse.
CoreLogic: Delinquencies Fall Below Pre-Pandemic Levels
Ahead of this Thursday’s National Delinquency Survey from the Mortgage Bankers Association, Corelogic, Irvine, Calif., reported November’s loan delinquency rates fell to levels last seen before the coronavirus pandemic.
MBA, Trade Groups Urge Senate Support of ‘Tough Legacy’ LIBOR Bill
The Mortgage Bankers Association and more than a dozen industry trade groups on Monday urged Senate leadership to support legislation that would address “tough legacy” contracts that currently reference the soon-to-expire London InterBank Offered Rate.
Commercial Property Prices Continue to Accelerate
Commercial property price growth accelerated again in December, sector analysts reported.
Dealmaker: Greystone Arranges $77M in Jersey City, N.J.
Greystone, New York, arranged $77 million for multifamily properties in Jersey City, N.J.
People in the News Feb. 8, 2022: Button Finance Names Amanda Niswonger Sr. Acct. Manager; Mortgage Tech Guru Roger Gudobba Passes Away
Button Finance Inc., New York, appointed Amanda Niswonger as Senior Account Manager, focusing on developing and nurturing institutional mortgage broker relationships.