Mortgage applications decreased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 21, 2025.
Category: News and Trends
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Quote of the Day
“Mr. McKernan’s deep regulatory experience at the FDIC, the Federal Housing Finance Agency and the Treasury Department, in private law practice, and as a former Senate staffer–coupled with his background working on housing policy–makes him a strong choice to lead the regulatory reforms necessary to lower compliance costs and pass those savings along to prospective homeowners and renters.”
–MBA letter on the nomination of Jonathan McKernan to be the next Director of the Consumer Financial Protection Bureau
CBC Mortgage Agency’s Miki Adams: Now is the Time to Advocate for Wider Access to Homebuyer DPA Assistance
As mortgage lenders, brokers, and industry professionals, it’s essential to understand the value Down Payment Assistance programs bring—both to potential homebuyers and the broader community.
CBRE Forecasts Steady Hotel Sector Growth
CBRE, Dallas, forecasts that hotel revenue per available room will grow steadily in 2025 and urban locations will outperform due to improved travel and the recovery of inbound international travel.
MBA Sends Letter to Senate Banking Committee on CFPB Director Nominee Jonathan McKernan
The Mortgage Bankers Association sent a letter to Senate Banking Committee leadership to express the real estate finance industry’s strong support for the nomination of Jonathan McKernan to be the next Director of the Consumer Financial Protection Bureau.
MISMO Seeks Comment on New Appraisal Procurement Dataset Specification
MISMO, the real estate finance industry’s standards organization, announced that it is seeking comment on its new Appraisal Procurement Dataset Specification. The 30-day comment period for this implementation guide runs through March 27, 2025.
S&P CoreLogic Case-Shiller Index Up 3.9% in December
The December S&P CoreLogic Case-Shiller Indices reported home prices were up 3.9% annually, a slight increase from 3.7% the previous month.
LendingTree: Young Homeowners Underrepresented in Largest Metros
LendingTree, Charlotte, N.C., released a new study finding that only 3.1% of Americans under 30 have a mortgage in the 50 largest U.S. metro areas.
About the MISMO Innovation Investment Fee
MISMO, the real estate finance industry’s standards organization, launched the Innovation Investment Fee in 2021 to allow lenders to support the important work necessary to foster efficiency, cost reduction, interoperability, digital transformation and innovation in the mortgage process.