Mortgage applications fell for the fourth time in five weeks even as key interest rates held near record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending September 11.
Category: News and Trends
MBA LIVE: Virtual Annual Convention & Expo Oct. 19-21
MBA is gearing up for its first-ever virtual Annual Convention & Expo. Taking place October 19-21 via MBA LIVE, attendees can connect whenever they want, from wherever they want.
Fraud Update – 2020 and Beyond (MBA LIVE)
The recent—and fast—switch to digital mortgage, remote online notarization and closings have opened the door for new fraud activity.
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“Virtually every loan is riskier than it was when we began this year, and as a consequence virtually all companies have modified their manufacturing process to identify and mitigate those additional risk.”
–MBA Chair-Elect Susan Stewart, opening the MBA Risk Management, Quality Assurance & Fraud Prevention Forum yesterday.
Susan Stewart: COVID-19 Puts Risk Management, QA, Fraud Prevention ‘Front and Center’ (MBA LIVE)
Mortgage Bankers Association Chair-Elect Susan Stewart kicked off the MBA Risk Management, Quality Assurance and Fraud Prevention Forum with an astute observation: the coronavirus pandemic has put such issues “front and center.”
MBA, Trade Groups Ask Congress to Continue Flood Insurance Program
With the National Flood Insurance Programs set to expire—yet again—the Mortgage Bankers Association and nearly two dozen industry trade groups asked Congress for another program extension as policymakers work on a longer-term solution.
Dealmaker: CBRE Closes $27M in Office Sales
CBRE brokered two southern California office building sales that totaling $26.75 million.
MBA: August New Home Purchase Apps Down 4% from July, Up 33% From Year Ago
August mortgage applications for new home purchases increased by 33.3 percent from a year ago but fell by 4 percent from July, the Mortgage Bankers Association reported this morning.
Fitch: eMortgage Interest Accelerates During Pandemic
The coronavirus pandemic has increased market interest in eMortgages, reported Fitch Ratings, New York.
People in the News Sept. 16, 2020
Roostify, San Francisco, named Chris Boyle President of Home Lending, responsible for all external-facing functions, client engagement, strategy, marketing and business development.