“You will look back and remember 2020 as a banner year; 2021, particularly the second half, should be a year of continued purchase growth and slowing refinance activity.”
–MBA Chief Economist Mike Fratantoni.
Category: News and Trends
MBA Forecast: 2020 Best Year For Industry Since 2003; 2021 Purchase Originations to Increase to Record $1.54 Trillion
In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.
MBA Presents Burton C. Wood Award to Legacy Mortgage’s Jack Thompson
The Mortgage Bankers Association presented its annual Burton C. Wood Legislative Service Award to Legacy Mortgage President and CEO Jack Thompson.
MORPAC Honors Jeff Hurley with 2020 Schumacher-Bolduc Award
The Mortgage Bankers Association Political Action Committee honored Jeff Hurley, Senior Managing Director with CBRE, with the 2020 Schumacher-Bolduc Award.
Andrew Young: Lessons of the 1960s Applied to Today
Andrew Young has served and shaped our country for more than 50 years. And he sees a lot of parallels between the 1960s and today.
MBA Forecast: 2020 Best Year For Industry Since 2003; 2021 Purchase Originations to Increase to Record $1.54 Trillion
In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.
Amid Coronavirus, mPower Also Adapts
MBA Chief Operating Officer Marcia Davies recognized early on that one of the most powerful elements of mPower events was social. Nine months into the coronavirus pandemic, she knows the mPower community is more important than ever.
Rates Tick Up, Applications Tick Down in MBA Weekly Survey
A slight uptick in the 30-year fixed rate kept purchase applications on the sidelines last week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 16.
MBA Recognizes 2020 Diversity and Inclusion Residential Leadership Award Winners
The Mortgage Bankers Association announced during its virtual 2020 Annual Convention & Expo that seven companies have been recognized as 2020 Diversity and Inclusion Residential Leadership Award recipients.
Andrew Weiss of Origence on Managing Customer Engagement
Andrew Weiss is Senior Vice President of Mortgage Origination Platform Strategy with Origence, Irvine, Calif., a provider of lending technology and platforms for the financial services industry. He has more than 30 years of experience in the mortgage and consumer lending space and was instrumental in developing Desktop Underwriter while working for Fannie Mae.