Two recent reports show equity-rich properties have increased strongly this year, while the number of properties with negative equity continue to fall.
Category: News and Trends
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.
Homeowners Today Staying in Homes Five Years Longer Than in 2010
Redfin, Seattle, said the typical American homeowner has spent 13 years in their home, up from eight years in 2010. Median home tenure increased in all 55 metros Redfin analyzed, leading to decreased inventory available for first-time home buyers in many places.
FHFA Issues RFI on Fannie Mae, Freddie Mac UMBS Pooling Practices
The Federal Housing Finance Agency yesterday issued a Request for Input about Fannie Mae’s and Freddie Mac’s pooling practices for the formation of “To-Be-Announced”-eligible Uniform Mortgage-Backed Securities.