(One in a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Category: News and Trends
Quote: Aug. 29, 2024
“Homebuyer affordability conditions improved for the third consecutive month as rates below 7% and rising housing inventory continue to bode well for prospective homebuyers.”
–Edward Seiler, MBA Associate Vice President of Housing Economics and Executive Director of the Research Institute for Housing America.
Home Mortgage Lending Rebounds, ATTOM Finds
Just over 1.6 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the second quarter, per ATTOM, Irvine, Calif.
Mortgage Application Payments Decreased 1.3% to $2,140 in July
Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,140 from $2,167 in June.
Disaster Recovery: A Resource for Homeowners from MBA
The Mortgage Bankers Association updated Disaster Recovery: A Resource for Homeowners, a resource paper for homeowners that outlines what to do before and after the disaster along with how to start, and then work through the recovery process.
MBA Forecast: Commercial/Multifamily Borrowing and Lending to Increase 26% to $539 Billion in 2024
Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion, which is a 26% increase from 2023’s total of $429 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association.
Dealmaker: Dwight Capital, Dwight Mortgage Trust Announce Transactions in Michigan, California
Dwight Capital, New York, and its affiliate REIT, Dwight Mortgage Trust, announced two recent transactions in Michigan and California.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending Aug. 23, 2024.
Quote: Aug. 28, 2024
“Rates have now come down more than 80 basis points from a year ago.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
MBA Human Resources Symposium, Sept. 18-19
The MBA Human Resources Symposium is back in-person at MBA Headquarters, 1919 M Street, Washington D.C. NW, Floor B1.