MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement regarding the Federal Housing Administration’s release of its annual report to Congress:
Category: News and Trends
Optimal Blue: October Mortgage Lock Data Shows ‘Resilience;’ ‘Cracks’ in Mortgage Market
Optimal Blue’s October Market Advantage report found strong purchase mortgage growth, though a shift away from conforming loans signals strained affordability.
People in the News, Nov. 19, 2024
Industry personnel news from Dark Matter Technologies, Optimal Blue, MAXEX, MBA, Fannie Mae, FHFA, Certainty Home Lending and Provident Bank.
MBA Advocacy Update: MBA Calls for FHA MIP Cut Following Strong Annual Performance; GOP Holds House Majority
This week’s top legislative and policy news from the Mortgage Bankers Association.
Quote of the Day
“MBA will review the report in greater detail and looks forward to working with the Trump administration and Congress in 2025 on policies and program enhancements to increase housing supply and lower costs for consumers while protecting taxpayers.”
–MBA President and CEO Bob Broeksmit, CMB, discussing the FHA’s annual report to Congress
Executive Coaching for the Mortgage Professional
To help leaders and managers overcome challenges and reach their full potential, MBA Education is partnering with Fast Forward Group to provide best-in-class 1:1 coaching at a special rate for MBA members.
MBA: IMB Production Profits Increase in Third Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $701 on each loan they originated in the third quarter, an increase from the reported net profit of $693 per loan in the second quarter, according to the Mortgage Bankers Association’s new Quarterly Mortgage Bankers Performance Report.
Fannie Mae Finds Most Consumers Support Building New Housing; Disagree on Details
Far more consumers say affordable housing is harder to find than a few years ago, but more than half believe house prices, rent and local taxes will increase if more homes are built in their neighborhood, a recent Fannie Mae survey found.
Neptune Flood Highlights Severe Impact of Hurricanes Helene, Milton
Neptune Flood, St. Petersburg, Fla., recently released an analysis of the aftermath of hurricanes Helene and Milton, specifically regarding the U.S. flood insurance market.
Dealmaker: Mesa West Capital Provides $50M Loan to Refinance Georgia Hotel
Mesa West Capital, Los Angeles, provided a joint venture led by Regent Partners and Mariner Group with $50 million in short-term first mortgage debt to refinance a recently constructed Hyatt Hotel in Savannah, Ga.