“Home purchase activity continues to be dominated by higher price tiers of the market, with the purchase average loan size now at $396,500, the highest average in five weeks.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance remained
unchanged at 3.25% as of August 22. MBA estimates 1.6 million homeowners are in forbearance plans.
The Mortgage Bankers Association introduces a new offering to its members — the Diversity, Equity and Inclusion (DEI) Study — separately designed and compiled for both the residential and commercial/multifamily sides of the real estate finance industry.
For years, mortgage underwriters have been accustomed to working from home a few days a week; consequently, during the pandemic, it was not much of a challenge to transition to a 100% remote working scenario. What has been a challenge is managing these highly-skilled employees and maintaining their morale at the same time. The great news is that it can be done.
Tim Anderson is EVP and Director of eMortgage Strategy for Evolve Mortgage Services, where he is responsible for overseeing deployment of the company’s end-to-end digital closing platform and developing strategic partner relationships.
MBA CONVERGENCE presents the next in its Webinar Series, Mayors and Affordable Housing: Perspective from City Hall, on Thursday, Sept. 16 from 1:30-2:15 p.m. ET.
Radian, Philadelphia, said after a strong finish to the first half of 2021, home prices across the United States rose at an even faster pace in July.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance remained
unchanged at 3.25% as of August 22. MBA estimates 1.6 million homeowners are in forbearance plans.
Last week saw two reports two reports that seemingly defied conventional wisdom—despite the very real effects of climate change, properties in some of the most vulnerable spots in the nation are actually attracting more interest—and higher prices. This week, another report shows Miami and other high-risk coastal areas continue to rank in the top 10 U.S. locations for net migration.
Data centers had a fantastic first half of 2021, with strong absorption delayed only by a lack of supply, reported Cushman & Wakefield, Chicago.
