Speaking proposals for breakout sessions are now being accepted for the Mortgage Bankers Association’s Annual Convention & Expo 2021, taking place October 17-20 at the San Diego Convention Center.
Category: News and Trends
June Mortgage Credit Availability Down 8.5%
Mortgage credit availability decreased in June to its lowest level since September, the Mortgage Bankers Association reported Thursday.
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.
MBA CONVERGENCE Takes Big Next Step in Columbus
MBA CONVERGENCE, the Mortgage Bankers Association’s initiative to promote minority homeownership opportunities, launches its second major pilot program July 21 in Columbus, Ohio.
CMBS Delinquency, Special Servicing Rates Improve
Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate declined again in June–but not by much.
Demand For Vacation Homes Falls for First Time in a Year
Redfin, Seattle, said buyers who locked in mortgage rates to purchase a second home nationwide fell 11.1% year over year in June, a reversal from the yearlong surge in demand for vacation homes driven by the pandemic.
New Homeowners Can Spend Nearly $30K on Unexpected but Common Projects
For most homeowners, buying a home involves more than a mortgage. Research from Thumbtack, San Francisco, and Zillow, Seattle, said a typical for-sale home could need as much as $30,000 in work—which, for some buyers, particularly millennials—might result in unexpected expense.
Dealmaker: SL Green Completes $3B One Vanderbilt Avenue Refinancing
SL Green Realty Corp. New York, received $3 billion to refinance One Vanderbilt Avenue in Midtown Manhattan.
Foreclosure Filings at Record Low
ATTOM, Irvine, Calif., reported a record-low 65,082 U.S. properties with foreclosure filings in the first six months of 2021, down 61 percent from a year ago and down 78 percent from two years ago.
MBA Weekly Applications Survey July 4, 2021: Apps Rebound Strongly
Mortgage applications bounced back last week after two straight weeks of steady decline as interest rates fell sharply, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending July 9.