The Mortgage Bankers Association this morning reported commercial and multifamily mortgage loan originations rose by 24 percent in the third quarter from a year ago and by 9 percent from the second quarter.
Category: News and Trends
October Mortgage Credit Availability Index Placeholder Story Here
Mortgage credit availability increased in October, the Mortgage Bankers Association reported this morning.
Home Equity Up; Negative Equity Down
Two recent reports show equity-rich properties have increased strongly this year, while the number of properties with negative equity continue to fall.
Ethan Saxon Joins MBA as Associate Vice President of Legislative Affairs
The Mortgage Bankers Association announced Ethan Saxon joined the association as Associate Vice President of Legislative Affairs, responsible for advocating MBA’s legislative and policy priorities on Capitol Hill, with a primary focus on Democratic members of the United States Senate.
People in the News
The Mortgage Bankers Association promoted Rob Van Raaphorst to Vice President of Communications, responsible for shaping the Association’s overall public affairs strategy as well as overseeing all aspects of media relations, member communications and video content development.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications decreased slightly from one week earlier as key interest rates fell back below 4 percent, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 1.
CSBS License Renewal Period Underway; Deadline Dec. 31
The Conference of State Bank Supervisors announced the start of the license renewal period for individuals and businesses that provide mortgage, money transmission, debt collection and consumer financial services to consumers. These individuals and businesses are required to maintain and renew licensure through the Nationwide Multistate Licensing System.
Simplifying your Tech Solutions for 2020
Mortgage lending is not left out of this equation with solutions that do everything from automating data entry, to selecting vendors, to generating leads, to issuing reports and more. Lenders more than likely have a solution for whatever problem they might be facing, but with so many different solutions, it can sometimes complicate the process rather than simplify it.
Residential Briefs
Ginnie Mae, Washington, D.C., published a Request for Input on requirements that address acceptability of digital promissory notes and other electronic documents for Ginnie Mae pools and loan packages, as well as participation in its Digital Collateral Pilot.
September Home Price Reports: Your Results May Vary
CoreLogic, Irvine, Calif., said September home price growth slowed nationally to 3.5% from a year ago and to 0.4% from August. However, a separate report from Black Knight, Jacksonville, Fla., said September national home price appreciation saw its largest single-month increase in nearly two years.