Mortgage lock volume dipped across most segments in October even as markets began adjusting to shifting Federal Reserve expectations late in the month, according to Mortgage Capital Trading, San Diego.
Category: News and Trends
Delayed September Jobs Report Shows 119,000 Gained; Industry Economists Weigh In
The Bureau of Labor Statistics Nov. 20 released jobs data for September, delayed because of a lapse in federal appropriations during the government shutdown. The report found total nonfarm payroll employment grew by 119,000 in the month.
Industry Briefs, Nov. 21, 2025
Industry news from Rice Park Capital, Rosegate Mortgage, First American Mortgage Solutions, Cloudvirga, Outamation, LenderLogix, nCino, Eastern Bank, Click n’ Close and NewDay USA.
MISMO Publishes Federal Government Housing Agency Servicing Dataset to Align with the VA’s Modernization Goal
MISMO, the real estate finance industry’s standards organization, published the new Federal Government Housing Agency Servicing Dataset in ‘Candidate Recommendation’ status, indicating the standard has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.
People in the News, Nov. 21, 2025
Industry personnel news from LERETA, Westcor Land Title Insurance Co., and Merchants Bank.
JLL Projects Slight Return to Positive for Construction Spending in 2026
JLL, Chicago, released its 2026 U.S. Construction Perspective, finding that construction spending fell 4.7% in 2025. However, the firm projects 0.4% growth in 2026, marking a slight improvement.
MBA Releases Statements Encouraging Senate Confirmation of Frank Cassidy, Joe Gormley, Travis Hill
MBA’s President and CEO Bob Broeksmit, CMB, released a series of statements.
MBA: Mortgage Application Payments Decreased in October
Homebuyer affordability improved in October, with the national median payment applied for by purchase applicants decreasing to $2,039 from $2,067 in September, according to the Mortgage Bankers Association’s Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time–relative to income–using data from MBA’s Weekly Applications Survey.
Experian: Nearly Half of U.S. Renters Aim to Buy Home Within Four Years
Experian, Costa Mesa, Calif., recently released an analysis finding 47% of current renters believe they’ll be ready to purchase a home within the next four years.
MBA Newslink Premier Member Spotlight: DocMagic
One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association. Please contact MBA’s Alicia Goncalves, CMB for information about Premier Member spotlights.