There is plenty of evidence that better borrower satisfaction is a competitive requirement. How will lenders achieve it?
Category: News and Trends
MBA Recognizes Premier Members
MBA is proud to recognize its Premier Associate Members and thank them for their continued support of MBA and the real estate finance industry.
MBA Recognizes Select Members
MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.
Bidding Wars Intensify for Entry Level Homes
Redfin, Seattle, said bidding wars eased up slightly in September, but more than half of properties saw competitive bids. A separate report from Zillow, Seattle, showed the most intense competition was for entry level homes.
77% of Metros Post Double-Digit Home Price Gains in 3Q
ATTOM Data Solutions, Irvine, Calif., said profits for home sellers nationwide continue to hit high points despite the economic distress caused by the coronavirus pandemic.
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.
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.
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.
Quote
“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.
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.