Thomas Hughes, CMB, former president of the Mortgage Bankers Association of Kentucky, passed away peacefully on Sept. 4.
Category: News and Trends
Asking Rents Rise in August, Redfin Reports
Redfin, Seattle, found the median U.S. asking rent rose 2.6%–or $45–year-over-year to hit $1,790 in August.
FOMC Cuts Rate 25 Basis Points; MBA Economist Weighs In
The Federal Reserve’s Federal Open Markets Committee cut the federal funds rate target by 25 basis points Sept. 17.
Defined Contribution Capital in Private Real Estate Tops $45B
Capital flows from defined contribution investors into private real estate strategies turned positive last year, with a net $418 million of DC capital moving into real estate, according to the new Private Real Estate in Defined Contribution Survey.
Industry Briefs, Sept. 18, 2025
Industry news from Pragma, 3N Performance, Assurant, Outamation, RiskSpan, DocMagic, NotaryCam, Dovenmuehle and RUTH RUHL.
Mortgage Applications Jump in Latest MBA Weekly Survey
Mortgage applications increased 29.7% from one week earlier, according to MBA’s Weekly Mortgage Applications Survey for the week ending Sept. 12, 2025.
MBA Premier Associate Members Gain “Fast Pass” to Power Hour Demos
The Mortgage Bankers Association is excited to introduce Power Hour On-Demand, a new exclusive benefit for Premier Associate Members.
MISMO Names Mortgage Industry Leader Brian Vieaux, CMB, as President
MISMO, the real estate finance industry’s standards organization, named mortgage industry veteran, author and thought leader Brian Vieaux, CMB, as its new president, effective Oct. 16, 2025.
CONVERGENCE Memphis Brings Affordable Homes to Market for First-Time Buyers
CONVERGENCE Memphis, United Housing, Inc., and the City of Memphis celebrated the development of ten homes in Memphis’ Whitehaven Hills community.
MBA Premier Member Editorial–Application Abandonment: The Silent Killer of Mortgage Profits
BeSmartee’s Tim Nguyen says this is the moment many have been waiting for. “But as anyone in the business knows, mortgages are unpredictably cyclical.”