Redfin, Seattle, found that homeownership rates for Gen Z and millennials were stagnant in 2024.
Category: News and Trends
About the Accredited Mortgage Professional (AMP) Designation
When you graduate from MBA Education’s School of Mortgage Banking (SOMB), you become an Accredited Mortgage Professional (AMP). This designation recognizes the achievements of individuals in the single-family real estate finance industry for their pursuit of educational excellence, high ethical standards, and commitment to professionalism.
March 26: Artificial Intelligence–A MISMO Primer for the Mortgage Industry
Join MISMO’s Artificial Intelligence Community of Practice (COP) to learn more about artificial intelligence and help shape mortgage standards related to artificial intelligence (AI).
High Performance Negotiations Workshop: March 25
Following up on the Dec. 17, 2024 webinar with Steve Wiley and The Lincoln Leadership Institute, MBA is pleased to offer a deeper dive into this critical topic.
Harvard JCHS: Remodeling Soars to New Heights
The U.S. remodeling market soared above $600 billion after the pandemic and remains 50% above pre-pandemic levels despite recent softening, the Harvard Joint Center for Housing Studies reported.
U.S. News and World Report: Homebuyers Still Waiting for Lower Rates
U.S. News and World Report, Washington, D.C., released its third annual Homebuyer Sentiment Survey, finding that 80% of potential homebuyers report waiting for mortgage rates to drop before buying a home this year.
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
“Some young people are placing less emphasis on owning their own home because they’re prioritizing flexibility, while others continue renting because they can’t afford to buy.”
-Redfin Chief Economist Daryl Fairweather
MISMO Seeks Comment on New Loan Boarding Data Standard
MISMO, the real estate finance industry’s standards organization, today announced that it is seeking public comment on the Loan Boarding Data Segment, which is the first published subset of the Industry Transfer of Servicing Dataset (ITSD). The 30-day public comment period runs through April 19, 2025.
Chart of the Week: Commercial and Multifamily Mortgage Debt Outstanding
According to MBA’s Quarterly Mortgage Debt Outstanding Report, total commercial and multifamily mortgage debt outstanding increased by 3.7% year-over-year, rising from $4.62 trillion in Q4 2023 to $4.79 trillion in Q4 2024. This growth reflects continued investment in commercial real estate, with sector-specific variations in debt allocation.