“[Friday’s] report reconfirms the important role that FHA plays in providing access to the housing market for qualified first-time, minority, and low- to moderate-income borrowers. It is gratifying to see the improved performance of both the forward and reverse mortgage books of business.”
–MBA President & CEO Robert Broeksmit, CMB, in a statement regarding the Actuarial Report on the FHA Mutual Mortgage Insurance Fund released Friday.
Mortgage credit availability increased in October after falling to a six-year low in September, the the Mortgage Bankers Association reported this morning.
Qualia, San Francisco, launched its Physical Document Service, enabling mortgage lenders to automate management of paper trailing documents from title partners through Qualia.
Associations can play an outsized role when industries and societies are disrupted or experience significant shifts. Numerous events occurring in 2020 are textbook examples of these type of situations.
MISMO® appointed Seth Appleton as its new president. Appleton currently serves as Assistant Secretary of Policy Development and Research with HUD and as Principal Executive Vice President of Ginnie Mae. He will join MISMO on Dec. 1.
“Credit availability increased in October for the first time since July. The ongoing economic recovery and improving labor market led to a rise in credit supply for various loan types.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Mortgage credit availability increased in October after falling to a six-year low in September, the the Mortgage Bankers Association reported this morning.
The Federal Housing Administration this week published a proposed rule to allow a private flood insurance option, instead of insurance through the National Flood Insurance Program, when flood insurance is required by FHA.
CBRE, Los Angeles, said it anticipates the office, retail and hotel sectors will begin a slow recovery next year. Meanwhile, industrial and logistics real estate will likely extend an early recovery already underway and multifamily should start its own swift rebound, it said in its 2021 U.S. Real Estate Market Outlook.
TransUnion, Chicago, said as low interest rates drive refinance activity, short-term loans—i.e., 15-year and 20-year mortgages—continue to increase in popularity, a trend that played out in the third quarter.
