Mortgage Applications Down in MBA Weekly Survey

It seemed inevitable: after a huge 55 percent jump last week—and a sharp increase in mortgage interest rates in recent days—mortgage applications really had no place to go but down this week.

March Builder Confidence Declines Amid Rising Risks

Builder confidence in the market for newly built single-family homes fell two points to 72 in March, the National Association of Home Builders reported yesterday.

FHFA, HUD Suspend Foreclosures/Evictions for 60 Days

HUD and the Federal Housing Finance Agency a short while ago announced they would suspend foreclosures and evictions for Fannie Mae, Freddie Mac and FHA mortgages for at least the next 60 days amid the coronavirus pandemic.

MBA, Trade Groups Cite Strong Concerns with PACE Programs

The Mortgage Bankers Association and nearly a dozen industry trade groups told Federal Housing Finance Agency Director Mark Calabria that Property Assessed Clean Energy programs—known as PACE programs—pose safety and soundness issues for the real estate finance industry.

People in the News

Sagent Lending Technologies, King of Prussia, Pa., appointed Dan Sogorka CEO and president, replacing Bret Leech who will become executive chairman and board member.

The Latest on LIBOR Transition with MBA’s Andrew Foster, Dan Fichtler

MBA NewsLink interviewed Mortgage Bankers Association Associate Vice President of Housing Finance Policy Dan Fichtler and Associate Vice President of Commercial/Multifamily Andrew Foster about the transition away from the London Interbank Offered Rate to a successor index for floating-rate loans.