Mortgage applications rose slightly from one week earlier even as key interest rates reached a three-month high, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 25.
Category: News and Trends
MBA 2020 Forecast: Purchase Originations to Increase 1.6 Percent to $1.29 Trillion; Refinance Activity Expected to Slow after Strong 2019
AUSTIN, TEXAS–The Mortgage Bankers Association expects purchase originations to increase by 1.6 percent to $1.29 trillion in 2020.
MBA Opens Doors Foundation Announces 2019 Award Winners
AUSTIN, TEXAS–The MBA Opens Doors Foundation announced its 2019 annual awards, which recognize those who have made lasting contributions to advance the Foundation’s mission of providing mortgage and rental assistance grants to parents and guardians caring for critically ill or injured children.
MBA Future Leaders Program Graduates 72 Real Estate Finance Professionals
AUSTIN, TEXAS–The Mortgage Bankers Association recognized 72 mortgage professionals–37 from the residential sector and 35 from the commercial/multifamily sector–in a graduation ceremony for the MBA Future Leaders Program here at the association’s 2019 Annual Convention & Expo.
MORPAC Honors Mike Heagerty, CCMS, with 2019 Schumacher-Bolduc Award
AUSTIN, TEXAS–The Mortgage Bankers Association Political Action Committee (MORPAC) awarded Mike Heagerty, CCMS, Principal & CFO of Newmark Realty Capital, with the 2019 Schumacher-Bolduc Award here at the association’s 2019 Annual Convention and Expo.
MBA Letter Urges House Committee Markup of TRIA Extension
Ahead of a markup vote scheduled this week in the House Financial Services Committee, the Mortgage Bankers Association sent an Oct. 29 letter to Committee members urging approval of a bill that would extend the Terrorism Risk Insurance Act for seven years.
Former Governors McAuliffe, Christie Take on U.S. Political Climate at MBA Annual19
AUSTIN, TEXAS–In today’s increasingly polarized and volatile political climate, most trade associations might avoid having pundits such as conservative-leaning former New Jersey Gov. Chris Christie and liberal-leaning former Virginia Gov. Terry McAuliffe share the same stage. To which the Mortgage Bankers Association says, “hold my beer.”
MBA Honors 2019 Diversity & Inclusion Residential Leadership Award Winners
AUSTIN, TEXAS–The Mortgage Bankers Association recognized five member companies for its 2019 Diversity and Inclusion Residential Leadership Awards.
Residential Briefs
Home price appreciation has accelerated across the United States, according to a new historical home price index announced by Radian Group Inc., Philadelphia. The newly released September 2019 Radian HPI data shows a 7.9 percent year-over-year increase in median values, after a 5.8 percent annualized growth rate in the second quarter.
Mortgage Vendor News & Views
In this ongoing article series, we report on mortgage and credit union vendor marketplace events and trends, and we then share our viewpoints. The primary theme today is the growth of a few vendors, especially in innovation and technology. We also address the age-old question of “Is bigger better?”