Mortgage Banking Bound is educating and inspiring the next generation of industry professionals.
Category: News and Trends
MBA Advocacy Update: Republicans Win White House, Senate Majority; Ginnie Mae Guidance on RBC Relief; Fed Cuts Rates
This week’s top legislative and policy news from the Mortgage Bankers Association.
Fannie Mae: Consumers Feeling Better About Housing Despite High Home Prices
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index increased 0.7 points in October to 74.6, pushing the measure of consumer confidence to its highest level since February 2022.
Today at 2:00 ET: Mastering Mentorship for Women’s Professional Growth–an mPower Your Career webinar
This webinar is complimentary for MBA and mPower members.
Quote of the Day
“With home prices at record highs and mortgage rates remaining elevated, renting is increasingly the only viable choice for many young people and families.”
–Redfin Senior Economist Sheharyar Bokhari
ATTOM: Opportunity Zone Housing Markets Consistent With Nationwide Price Trends
ATTOM, Irvine, Calif., analyzed low-income Opportunity Zones, finding that from Q2 to Q3 median single-family home and condo prices increased in 53% of the zones it analyzed.
MBA Calls for Price Transparency, Examination of Government’s Role in Credit Reporting Cost Increases
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the annual price increases for credit reporting products.
MBA: Mortgage Delinquencies Decrease Slightly in the Third Quarter of 2024, Up on Annual Basis
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased slightly to a seasonally adjusted rate of 3.92% of all loans outstanding at the end of the third quarter of 2024 compared to one year ago, according to the Mortgage Bankers Association’s National Delinquency Survey.
NewsLink Q&A: Dax Junker, CEO of Title Clearing & Escrow
MBA NewsLink recently interviewed Dax Junker of Title Clearing & Escrow about the title insurance industry.
Commercial/Multifamily Borrowing Increased 59% in Third Quarter, MBA Finds
Commercial and multifamily mortgage loan originations increased 59% in the third quarter of 2024 compared to a year ago, and increased 44% from the second quarter, according to MBA’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.