One of the most important missions for today’s mortgage loan originators is empowering people and communities in the journey to homeownership. To succeed, we must address the unique challenges facing the Hispanic community, one of the largest and fastest-growing demographic groups in the country.
Category: News and Trends
Agustin Del Rio: Don’t Cry for Me, MBA-sita–Profitability Has Never Left You in the Long Term
When Novak Djokovic was once asked who the better tennis player between Roger Federer and Rafael Nadal on a “neutral” surface was, he humorously retorted, “Which surface is that? Ice?”
Building Borrower Loyalty Brick by Brick [Sponsored Content from MeridianLink]
MeridianLink® sheds light on actionable strategies for how your LOS can help you gain borrowers’ trust, loyalty, and repeat business.
MBA: April New Home Purchase Mortgage Applications Increased 22.1%
The Mortgage Bankers Association’s Builder Application Survey for April shows mortgage applications for new home purchases increased 22.1% compared to a year ago.
MBA, Affiliated Groups Weigh in with FHFA About Release of Historical Credit Score Data
The Mortgage Bankers Association and four other groups sent a letter to the Federal Housing Finance Agency on Monday regarding its plans to release historical credit score data.
MBA Statement on FSOC’s Report on Mortgage Servicing
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Financial Stability Oversight Council’s (FSOC) report released Friday on nonbank mortgage servicing:
Discover Home Loans: Homeowners Leaning Toward Renovation Amid Current Rates
Discover Home Loans, Riverwood, Ill., in a recent survey found 84% of American homeowners who were planning to buy a new home said their decisions have been affected by high interest rates.
Yardi Matrix Says Student Housing Still Strong, but Some Metrics Slow
Yardi Matrix, Santa Barbara, Calif., reported in its National Student Housing Report for May 2024 that student housing metrics have moderated somewhat, but remain solid overall.
Trepp: CMBS Special Servicing Rate Jumps in April
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate “leaped” in April, rising 80 basis points to reach 8.11%.
Demand For Vacation-Home Mortgages Fell 40% Last Year, Redfin Reports
Homebuyers took out 90,772 mortgages for second homes in 2023, down 40% from 2022 and down 65% from the pandemic housing boom, according to a new report from Redfin, Seattle.