MBA’s President and CEO Bob Broeksmit, CMB, commented on House passage of the Republican-led tax and spending package. President Trump signed the legislation into law on July 4.
Category: News and Trends
Redfin Reports Condo Prices See Second-Largest Drop on Record
Redfin, Seattle, found the median U.S. condo sale price fell 2.2% year-over-year to $354,100 in May, the second-largest drop in records dating back to 2012.
MBA Chart of the Week: Housing Units Available For Sale
Inadequate housing supply has been a well-documented challenge for the housing market in recent years. However, there are recent signs that for-sale inventory in many parts of the country has started to grow again.
Quote of the Day
“The [employment] report is likely to keep the Federal Reserve on hold for now. MBA is still forecasting two cuts from the Fed this year.”
–MBA Chief Economist Mike Fratantoni
Economy Adds 147,000 Jobs in June; Industry Economists Weigh In
Total nonfarm payroll increased by 147,000 in June, and the unemployment rate was 4.1%, the U.S. Bureau of Labor Statistics announced.
Industry Briefs, July 7, 2025
Industry news from nCino, Truework, Dark Matter Technologies, SettlementOne and FICO.
MBA Premier Member Editorial: Seven Stages of AI Adoption in Mortgage Lending
Digital transformation isn’t just a trend; it’s the new standard. One of the biggest game-changers? AI-powered assistants, writes Tavant’s Sandeep Shivam.
Study Finds Disparate Credit Scores Can Cost Home Buyers
Mortgage Research Network, Columbia, Mo., found high-credit score buyers buying a home with a low-credit spouse could pay an average additional $63,000 over their average homeownership tenure.
MBA’s Condominium Lending Summit July 23
MBA is offering a one-day in-person summit featuring experts from government regulators and agencies, condo lenders, and other subject matter experts.
Leading Mortgage Organizations: Essentials for Executives and Board Members Program
MBA has developed a robust program intended to empower your board members and senior executives to confidently and proficiently lead your organization.