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.
Category: News and Trends
CFPB: Refi Loans Drove Increase in 2020 Closed-End Originations
The Consumer Financial Protection Bureau issued another report of its analysis of Home Mortgage Disclosure Act data on Thursday, noting closed-end mortgage originations, as well as applications, increased substantially between 2019 and 2020.
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“Even now, many lenders are seeing changes in their business due to a slowly cooling real estate market and a shift in product mix. But without analytics applied to their data, these changes are felt more than observed.”
–Joe Camerieri, Executive Vice President of Mortgage Cadence, Denver.
MBA: 2Q Mortgage Delinquencies Fall to One-Year Low
The Mortgage Bankers Association on Thursday released its Second Quarter National Delinquency Survey, showing the delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 5.47 percent of all loans outstanding—the lowest rate since first-quarter 2020.
Rita Moreno Keynotes mPower Luncheon at MBA Annual Convention & Expo
Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is officially open. Join MBA in San Diego as Academy Award- and Presidential Medal of Freedom Award-winning actress Rita Moreno keynotes the mPower Luncheon on Tuesday, Oct. 19.
CFPB Report: Refi Loans Drove Increase in 2020 Closed-End Originations
The Consumer Financial Protection Bureau issued another report of its analysis of Home Mortgage Disclosure Act data on Thursday, noting closed-end mortgage originations, as well as applications, increased substantially between 2019 and 2020.
July Leading Economic Index Sees 3rd Consecutive Increase
The Conference Board, New York, said its Leading Economic Index for the U.S. increased by 0.9 percent in July to 116.0, following a 0.5 percent increase in June and a 1.2 percent increase in May.
Unemployment Insurance Claims Down Another 29,000
Initial claims for unemployment insurance fell by 29,000 last week, moving closer to pre-pandemic levels, the Labor Department said Thursday.
Redfin: 12 Straight Months of Double-Digit Home Price Increases
Redfin, Seattle, said the median price of homes sold in July jumped by nearly 20% from a year earlier to a record high $385,600, down from a peak of 26% in May but still higher than any point on record prior to April of this year.
Rent Prices Soar Beyond Pre-Pandemic Projections
A strong and widespread recovery of rents has pushed prices beyond where they would have been had the coronavirus pandemic never occurred, reported Zillow, Seattle.