MBA is proud to recognize its Premier Members and to thank them for their continued support of MBA and the real estate finance industry.
Category: News and Trends
MISMO Publishes Updated Mortgage Insurance Rate Quote Implementation Guide and Sample Files
MISMO, the real estate finance industry’s standards organization, announced the publication of updates to the Mortgage Insurance (MI) Estimated Rate Quote API Implementation Guide (iGuide) and Sample Files.
MBA Chart of the Week: 2023 Percent of Time Working Remotely for Processors, Underwriters and Closers (Retail Channel)
In this week’s Chart of the Week, we look at the percentage of time employees in key Retail fulfillment positions worked remotely in 2023 (excluding overtime) across different peer groups.
ATTOM: Home Sellers’ Profit Margins Nearly Flat in Second Quarter
ATTOM, Irvine, Calif., released its second-quarter 2024 U.S. Home Sales Report, which showed that home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter.
Quote: July 26, 2024
“The inflation data is consistent with recent news showing a downward trend, which should provide enough confidence for the Federal Reserve to cut rates in September.”
–MBA Chief Economist Mike Fratantoni
MISMO Publishes Ability to Repay Decision Model and Notation White Paper
MISMO, the real estate finance industry’s standards organization announced the publication of The Ability to Repay Decision Model and Notation white paper.
Hotel Construction Activity Highest Since Early 2023
CoStar Group, Washington, D.C., reported the volume of U.S. hotel rooms under construction recently reached its highest since February 2023.
Redfin Reports Typical Monthly Housing Payment Dips Below Record
The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April’s record high, according Redfin, Seattle.
U.S. Economy Grew 2.8% in Q2; MBA Economist Weighs In
The real gross domestic product increased at an annual rate of 2.8% in the second quarter of 2024, per the “advance” estimate released by the U.S. Bureau of Economic Analysis.
Two-Thirds of Homes Underinsured, Matic Reports
Matic, Columbus, Ohio, released its mid-year premium trends report, finding that approximately two-thirds of homes are underinsured, largely due to insurance policies that fail to reflect construction costs or home improvements.