One report says Austin, Texas will be the nation’s hottest housing market in 2021. Another report says it already is.
Category: News and Trends
MBA Voices: Courageous Conversations with Women of Color Continues Feb. 2 with ‘Together We Rise’
The Mortgage Bankers Association’s popular three-part virtual series, Voices: Courageous Conversations with Women of Color, concludes on Tuesday, Feb. 2 with “Together We Rise.”
Mortgage Applications Decrease in MBA Weekly Survey
With mortgage rates rising to a two-month high, mortgage applications fell last week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 15.
MBA: Share of Mortgage Loans in Forbearance Decreases to 5.37%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance fell to 5.37% of servicers’ portfolio volume as of Jan. 10, compared to 5.46% the previous week. MBA estimates 2.7 million homeowners are in forbearance plans.
Biden Nominates Rohit Chopra to Lead CFPB
President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.
Call for Nominations: MBA NewsLink 2021 Tech All-Star Awards; Deadline Jan. 29
The Mortgage Bankers Association is accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 29.
MBA Chart of the Week: Monthly Housing Cost as Percentage of Income
This week’s MBA Chart of the Week uses AHS data to show the distribution of total monthly housing costs as a percentage of income. T
Insurance Quotes and Coverages: Hardening Insurance Market and Lender Implications
One of the many shifts occurring in the commercial real estate marketplace are evolving dynamics for insurance coverages and costs which help mitigate landlord and lender risks. These shifts impact existing borrowers and loans as well as new originations and all the different parties involved in the CRE finance ecosystem.
MBA Advocacy Update: Jan. 20, 2021
With congressional majorities now settled and the Biden-Harris Inauguration Day looming, on Thursday the Treasury Department and the Federal Housing Finance Agency released an amendment to the Preferred Stock Purchase Agreements governing the conservatorships of Fannie Mae and Freddie Mac. Importantly, the revisions do not call for the premature release of the GSEs from conservatorship, heeding the concerns MBA had raised in recent weeks about potential market disruptions from a rushed exit.
MBA Education’s David Upbin on How MBA Education Can Help Lenders and Servicers in 2021
David Upbin is Vice President of Education Operations and Programming & MBA Strategy with the Mortgage Bankers Association. He joined MBA in 2013 and is responsible for financial management, operations, delivery and programming of MBA Education’s suite of training products and events.