Mortgage interest rates are low—you know that; refinancings have been going through the roof—and if you’ve been following the Mortgage Bankers Association’s Weekly Applications Survey or the activity in your office, you know that, too. But Ellie Mae, Pleasanton, Calif., has another stat you might be interested in: closing times, which have also dramatically improved.
Category: News and Trends
FHFA, HUD Suspend Foreclosures/Evictions for 60 Days
HUD and the Federal Housing Finance Agency yesterday 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.
Calm Before the Storm? February Housing Starts Dip 1.5%, Pre-Coronavirus
HUD and the Census Bureau reported privately owned housing starts in February fell slightly to a seasonally adjusted annual rate of 1.599 million—a not discouraging number, analysts said, ahead of the yet-to-be-seen impact of the coronavirus pandemic.
MBA Recognizes Select Members
MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.
MBA Recognizes Premier Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
Coronavirus Update: MBA, Trade Groups Urge ‘Comprehensive’ Response from Congress
The Mortgage Bankers Association joined more than 100 other industry trade groups in a March 18 letter to Senate and House leaders, urging Congress to take appropriate steps to provide a coordinated and comprehensive response to businesses dealing with fallout from the coronavirus pandemic.
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.
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.
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.
Faith Schwartz, Christy Moss, CMB: What Happens When COVID-19 Starts Affecting Mortgage Payments?
COVID-19’s economic impacts are only beginning to be felt in the United States, and already it’s been a wild ride.