Category: News and Trends

Quote

“Homebuyer demand is still strong overall, and activity was up 16.5 percent from a year ago. However, inadequate housing supply is putting upward pressure on home prices and is impacting affordability – especially for first-time buyers and lower-income buyers. The trend in larger average loan application sizes and growth in loan amounts points to the continued rise in home prices, as well as the strength in the upper end of the market.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.

| By MBA NewsLink Staff

Mortgage Applications Mixed Despite Record-Low Rates

Despite record-low mortgage rates, mortgage applications fell by 0.5 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 6.

| By MBA NewsLink Staff

Mortgage Applications Mixed Despite Record-Low Rates

Despite record-low mortgage rates, mortgage applications fell by 0.5 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 6.

| By MBA NewsLink Staff

MBA, Trade Groups Ask Banking Agencies for TDR Relief

The Mortgage Bankers Association and more than a half-dozen industry trade groups asked federal banking agencies for guidance that loan modifications with terms longer than six months fall within the troubled debt restructuring relief provided by a recent Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus.

| By Mike Sorohan

People in the News Nov. 12, 2020

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.

| By MBA NewsLink Staff

Small-Cap Multifamily Shows Resilience

Small-cap multifamily properties are proving resilient during the pandemic-induced recession, reported Boxwood Means, Stamford, Conn.

| By msorhan

‘Not Ok? That’s Ok:’ Financial Services, Consumer Coalition Launches Borrower Awareness Campaign

The Mortgage Bankers Association and a broad coalition of financial services stakeholders – including mortgage servicers, trade associations, housing counseling agencies, governmental agencies and think tanks – launched a consumer awareness campaign to reach borrowers who have missed one or more mortgage payments as a result of the COVID-19 pandemic and may be eligible for forbearance assistance under the CARES Act or other forms of mortgage payment relief.

| By MBA NewsLink Staff