This week’s top legislative and policy news from the Mortgage Bankers Association.
Category: News and Trends
Quote: April 29, 2024
“The latest price and profit numbers show notably downward trends, which raises new questions about whether the housing-market boom is indeed ebbing, or even ending, after so many years of improvement.”
–ATTOM CEO Rob Barber
Fratantoni to Share Market Outlook at MBA Secondary & Capital Markets Conference & Expo May 20
Arm yourself with the information you need to achieve your business and performance goals. Make plans to be in New York City at MBA’s Secondary & Capital Markets Conference & Expo May 19 – 22.
MBA: IMB Production Losses Reach Series High in 2023
Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2023. This represents a series high in the 15-year history of the MBA Annual Mortgage Bankers Performance Report.
Pending Home Sales Rise 3.4%
Pending home sales climbed 3.4% in March, the National Association of Realtors reported Thursday.
Down Payment Resource Finds 9% Increase in Homebuyer Assistance Programs
Down Payment Resource, Atlanta, reported that 79 homebuyer assistance programs were added in the first quarter, to hit 2,373 total. That’s an increase of 9% year-over-year and the largest annual jump since DPR began compiling the data in Q3 2020.
MBA: Mortgage Application Payments Remained Flat in March
Homebuyer affordability declined in March, with the national median payment applied for by purchase applicants increasing slightly to $2,201 from $2,184 in February, the Mortgage Bankers Association reported.
Dealmaker: Cushman & Wakefield Arranges $45.7M for Cleveland Office Property
Cushman & Wakefield, Chicago, arranged acquisition financing totaling $45.75 million for an office tower in Cleveland.
Rethink Everything You “Know” To Be A Next Gen Loan Officer – A Deeper Dive Webinar Series: Show Up on Video: May 14
Join MBA Education for a series of webinars featuring Kyle Draper and Brian Vieaux moderating discussions with industry experts from the book, “Rethink Everything You ‘Know’ About Being A Next Gen Loan Officer.” The next webinar is May 14.
National Business Capital Ranks ‘Unexpectedly Affordable’ Places to Live
With remote work becoming the norm, the dream of homeownership in desirable locations may be more attainable than it seems, according to fintech lending platform National Business Capital, Hauppauge, N.Y.