Mortgage applications for new home purchases fell for the second straight month amid tight inventories and sharply rising prices, the Mortgage Bankers Association reported Thursday.
Category: News and Trends
MBA Offices Closed Today
Offices of the Mortgage Bankers Association will be closed this Friday, June 18, in observance of the Juneteenth holiday.
MISMO Approves Commercial Appraisal Dataset Standard
MISMO, the real estate finance industry’s standards organization, announced availability of its updated Commercial Appraisal Dataset standard.
Jim Paolino of Mortgage Sentinel: It’s Time for Lenders to Start Planning for a Changing Market
Demographic and other changes indicate mortgage industry is at a crossroads with the way we’ve done business for years.
Shawn Ansley of VICE Capital Markets: The Need for Strong Data/System Integrations in Hedging
While “The Law of Averages” may apply to a wide variety of activities, hedging isn’t one of them. For a mortgage lender to extract the most value out of their hedging strategy, that strategy must be specific to their organization and its unique make-up.
Sponsored Content from InRule: Transform Mortgage Lending and Real Estate with Machine Learning
Discover five common scenarios in mortgage lending to help your enterprise get started with machine learning.
May New Home Purchase Mortgage Applications Decline
Mortgage applications for new home purchases fell for the second straight month amid tight inventories and sharply rising prices, the Mortgage Bankers Association reported Thursday.
Zillow: Inventory Rebounds Amid Record Home Value, Rent Growth
Zillow, Seattle, said continued torrid growth in the housing market paired with a long-awaited bump in inventory in May,
Redfin: 7 in 10 Buyers Still Face Bidding Wars
Redfin, Seattle, said 70.4% of home offers written by Redfin agents faced competition in May, down from 73.6% in April, but still up significantly from 52.7% a year ago.
1st Quarter Home Flipping Rate at 21-Year Low; Profits Decline
ATTOM, Irvine, Calif., said home flipping activity fell in the first quarter to the lowest level since 2000.