The Greater Omaha Chamber of Commerce will induct former Mortgage Bankers Association Chairman Rodrigo López, CMB, into its Omaha Business Hall of Fame at a ceremony later this month.
Category: News and Trends

MBA Weekly Applications Survey Aug. 18, 2021: Applications Down as Rates Crawl Above 3%
Mortgage applications fell by nearly 4 percent last week as interest rates crept above 3 percent for the first time in a month, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending August 13.

TransUnion: Healthy Consumer Credit Market Drives Return to Lending
TransUnion, Chicago, said the financial services industry is rebounding strongly from the early impacts of the COVID-19 pandemic, with auto, credit card, mortgage and personal loan industries exhibited renewed signs of strength at the mid-point of 2021.

MBA Weekly Applications Survey Aug. 18, 2021: Applications Down as Rates Crawl Above 3%
Mortgage applications fell by nearly 4 percent last week as interest rates crept above 3 percent for the first time in a month, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending August 13.

MBA DEI Leadership Awards: Nomination Deadline Extended to Aug. 20
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.

Owning a Home Cheaper Than Renting in All 50 Top U.S. Markets
It was cheaper to own in every one of the top 50 markets, including the two most expensive rental markets, San Francisco and San Jose, Calif., said First American Financial Corp., Santa Ana, Calif.

Builder Confidence at 13-Month Low
The National Association of Home Builders said higher construction costs and supply shortages, along with rising home prices pushed builder confidence to its lowest reading since July 2020.

TransUnion: Healthy Consumer Credit Market Drives Return to Lending
TransUnion, Chicago, said the financial services industry is rebounding strongly from the early impacts of the COVID-19 pandemic, with auto, credit card, mortgage and personal loan industries exhibited renewed signs of strength at the mid-point of 2021.

Single-Family Rent Growth Up More Than Five-Fold Year-over-Year
CoreLogic, Irvine, Calif., said single-family rent growth reached 7.5% year-over-year in June, up from a 1.4% year-over-year increase a year ago.

Dealmaker: Institutional Property Advisors Brokers $173M in Multifamily Sales
Institutional Property Advisors, Calabasas, Calif., closed multifamily property sales totaling $173 million in California and Connecticut.