Mortgage applications for new home purchases fell in December, continuing a slowing pattern, the Mortgage Bankers Association reported Thursday.
Category: News and Trends
Industry Briefs Jan. 20, 2022: ICE Mortgage Technology Partners with Colorado Housing/Finance Authority
ICE Mortgage Technology, Pleasanton, Calif., announced the Colorado Housing and Finance Authority integrated Encompass Investor Connect and AIQ into its technology, enabling faster and easier loan delivery and funding.
Dealmaker: Berkadia Secures $84M for New York Hotel-to-Multifamily Conversion
Berkadia secured $84 million in stretch senior financing for Emmut Properties, New York, to acquire Excelsior Hotel on Manhattan’s Upper West Side.
Housing Starts End Year on Positive Note
Housing starts posted a modest increase in December, HUD and the Census Bureau reported Wednesday, and jumped by nearly 16 percent from a year ago.
Reports Cites Need for Lenders to Digitize Mortgage Process
Despite tremendous progress over the past few years—and perhaps accelerated by the coronavirus pandemic—the mortgage industry remains behind other industries in automating business processes to satisfy consumers, according to a study by Finicity, Salt Lake City, Utah.
MBA Launches Developing Leaders Mentoring Program; Application Deadline Feb. 4
The Mortgage Bankers Association’s Developing Leaders Mentoring Program is a newly launched 12-month program designed to support development of employees within our member organizations.
MBA Weekly Applications Survey Jan. 19, 2022: Higher Rates Keep Borrowers Hopping
For the second straight week, rising mortgage interest rates sent home buyers scurrying for mortgage applications, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 14.
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“Supply chain challenges, labor shortages and higher materials costs also contributed to last month’s decline, as projects were delayed or cost more to complete.
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA: Share of Mortgage Loans in Forbearance Decreases to 1.41% in December
Loans now in forbearance decreased 26 basis points during December to 1.41% of servicers’ portfolio volume as of December 31, the Mortgage Bankers Association’s new monthly Loan Monitoring Survey reported.
MBA Welcomes Teresa Ferman as Assistant Director of Career Development Programming
The Mortgage Bankers Association announced its newest addition to the MBA Education Certifications and Designations team, Teresa Ferman, who serves as Assistant Director of Career Development Programing.