“For a more significant rise in refinance activity, mortgage rates will need to drop much further.”
–Andrew Rhodes, senior director and head of trading at MCT
Category: News and Trends
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 1.3% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending Sept. 27, 2024.
Apartment Absorption Down From Year-Ago Rate, Redfin Finds
Just over half of U.S. apartments that delivered in the first quarter rented within three months, the second-lowest seasonally adjusted share since mid-2020, according to Redfin, Seattle.
MBA’s Edward Seiler Elected President of the International Union for Housing Finance
Edward Seiler, Mortgage Bankers Association Associate Vice President for Housing, and Economics Executive Director, Research Institute for Housing America, was recently elected President of the International Union for Housing Finance.
ATTOM: Affordability Edges Up, but Remains Challenging
ATTOM, Irvine, Calif., released its third-quarter 2024 U.S. Home Affordability report, showing that median-priced single-family homes and condos are less affordable in Q3 2024 than historical averages in 99% of counties with sufficient data to analyze.
MBA Affordable Housing Partner Spotlight: Loretta Williamson of Truist
(One in a recurring series about CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.)
Dealmaker: Calmwater Capital Funds $21M for California Acquisition
Calmwater Capital, El Segundo, Calif., announced it provided Rhino Investment Group with $20.86 million in short-term, first mortgage debt for its acquisition of a grocery-anchored retail center in Cathedral City, Calif.
Are You One of 13? Accenture Credit Services’ Jason Wilborn
Only 13 lenders out of all 4464 from 2022 grew or maintained their origination volumes from 2022 to 2023.
Certified Mortgage Compliance Professional (CMCP) Designation
MBA offers the only certification and designation program geared exclusively toward compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP) Certification and Designation program.
School of Mortgage Banking II Online Starts Nov. 4
MBA Education’s School of Mortgage Banking II analyzes managing profitability and risk in mortgage banking.