Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,289,000, 1.8% below the revised October estimate, the Census Bureau and HUD announced Wednesday.
Category: News and Trends
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased $47.7 Billion in Third Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $47.7 billion (1%) in the third quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Jan. 27-29: MBA Independent Mortgage Bankers Conference in Austin
MBA’s Independent Mortgage Bankers Conference, January 27-29 in Austin, Texas, is the industry event of the year for IMBs, curated by IMBs.
Artificial Intelligence Solutions: Jan. 14 at MISMO Winter Summit
MISMO’s Winter Summit, Jan. 13-16, offers attendees many opportunities to learn about the latest in AI. The event will include a series of educational panels, strategy discussions and product demonstrations all focused on issues related to AI in mortgage.
FOMC Cuts Interest Rates; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee cut interest rates by 25 basis points Wednesday in its third consecutive reduction. The market had anticipated the change.
Why Independent Servicing Matters in Residential Transition Loans–Patrick Couture from Planet Loan Servicing
In the world of Residential Transition Loans (RTLs), where short-term, high-risk loans are used to finance “fix-and-flip” projects, effective servicing can enhance investors’ returns.
Quote of the Day
“MBA forecasts that the federal funds rate will only drop to 3.75% this cycle.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni
Joseph D’Urso from TitleEase: Growing Lender Profits Through Diversification into Title Insurance
As someone who’s been in the financial trenches from Wall Street to the mortgage industry, I’ve learned one fundamental truth: tough markets create incredible opportunities for those willing to think differently.
Builders Display Optimism in NAHB/Wells Fargo Index
Homebuilder sentiment held steady to end the year, but builders expressed increased optimism for higher sales in the next months, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Upcoming School of Loan Origination Courses in January, March (Online)
MBA Education’s School of Loan Origination (SOLO) is a live, instructor-guided online course designed to provide an in-depth working knowledge of how to originate residential mortgage loans.