The Senate confirmed Andrew Hughes as the next Deputy Secretary of HUD on Tuesday. MBA President and CEO Bob Broeksmit, CMB, issued the following statement about Hughes’ confirmation.
Category: News and Trends
MBA Applauds House Financial Services Committee Advancement of Trigger Leads Bill
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the bipartisan vote to advance the Homebuyers Privacy Protection Act (H.R. 2808), as amended, from the House Financial Services Committee:
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 12.5% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 6, 2025.
Quote of the Day
“Rates are still elevated, affordability remains a challenge, and yet we’re seeing steady demand.”
–MCT’s Andrew Rhodes
MISMO Issues New Specification to Support Appraisal Ordering Ahead of Upcoming Appraisal Changes
MISMO, the real estate finance industry’s standards organization, announced the publication of a new Appraisal Procurement Dataset Specification designed to facilitate and standardize the ordering of property services including appraisals.
MISMO Boston Spring Summit Livestream and Virtual Access to Workgroup Meetings
If you could not make it to Boston this week, join us virtually at the MISMO Summit and learn what’s hot in mortgage standards.
Commercial Property Pricing Holding Firm, Green Street Finds
Green Street, Newport Beach, Calif., reported commercial property prices increased 0.6% in May.
Upcoming MBA Education Webinars
All MBA Education webinars are free for MBA members. Use this valuable member benefit to get up to speed on the latest in mortgage banking.
Quote of the Day
“Credit supply increased to its highest level since August 2022, driven by growth in the supply of both conventional and government loans, as lenders offered a greater variety of loan types to support the spring homebuying season,”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
MBA: Mortgage Credit Availability Increased in May
Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.