Home sales, which lagged during the first part of 2019, continued their recent rebound with another strong month in October, said RE/MAX, Denver.
Category: News and Trends
October Housing Starts: Slow and Steady Wins the Month
October housing starts rose by nearly 4 percent, HUD and the Census Bureau reported yesterday, a welcome signal that momentum appears to be rising among home buyers and home builders.
MBA Urges Banking Committee Support for Brian Montgomery HUD Nomination
Ahead of a nomination hearing this morning, the Mortgage Bankers Association urged the Senate Banking Committee to approve Brian Montgomery’s nomination as HUD Deputy Secretary.
House Passes TRIA Reauthorization; Senate Banking Committee Votes Today
The House yesterday passed legislation reauthorizing the Terrorism Risk Insurance Act for seven years. The Senate Banking Committee is expected to take up a companion bill this morning.
MBA: October New Home Purchase Applications Up 9% from September, 31.5% from Year Ago
Mortgage Bankers Association Builder Applications Survey data for October show mortgage applications for new home purchases increased by nine percent from September and by 31.5 percent from a year ago.
How Automation is Impacting Marketing
Marketing automation is the practice of using software to automate, streamline and measure repetitive tasks and workflows within the marketing discipline. It is done to help sales and marketing teams improve efficiency and increase output while providing an enhanced, more personalized customer experience.
Adjusting Your Compliance to the Digital Mortgage Landscape
When it comes to mortgages, digital is quickly becoming king. The Mortgage Bankers Association estimates that within three years, most loans will be completely underwritten electronically, with only loans that deviate from standard parameters being reviewed by experienced underwriters.
MBA Opens Doors Posts Another Record Year of Fundraising
The MBA Opens Doors Foundation announced it raised $644,000 during the Mortgage Bankers Association’s 2019 Annual Convention and Expo, held in Austin, Texas, Oct. 27-30.
Residential Briefs
Fannie Mae, Washington, D.C., said expected easing trade tensions, stimulative fiscal policies and continued consumer spending spurred an upgrade to its 2020 forecast for real GDP growth of 1.9 percent.
MBA Advocacy Update
HUD released its annual report detailing the financial condition of the FHA Mutual Mortgage Insurance Fund. And this past Tuesday, the FHFA published its semi-annual CRT Progress Report outlining the current state of the GSEs’ credit risk transfer programs, which reduce the GSEs’–and ultimately taxpayers’–exposure to mortgage credit risk.