Industry news from MIAC Analytics, Power Forward Communities, Vesta, Optimal Blue and Merchants Bank.
Category: News and Trends
First American’s Odeta Kushi: Sales Activity Driven by the ‘Five Ds’ Amid Persistent Market Headwinds
The month-over-month progress is welcome news for a housing market that has struggled to gain momentum. What could be driving the uptick in sales activity?
Asking Rents Rose Again in March, Redfin Found
Redfin, Seattle, found median asking rents rose 0.8% year-over-year in March, in the third consecutive increase.
MCT Finds Lock Volume Increase Heading Into Buying Season
Mortgage lock volume increased 15% between February and March, according to Mortgage Capital Trading, San Diego.
MBA Statement on the Veterans Affairs Servicing Purchase Program
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Department of Veterans Affairs (VA) release of its Veterans Affairs Servicing Purchase (VASP) program.
ATTOM Finds Foreclosure Filings Rise in First Quarter
ATTOM, Irvine, Calif., found 95,349 U.S. properties with foreclosure filings during the first quarter, up 3 percent from the previous quarter but down less than 1 percent from a year ago.
Commercial Real Estate Entering Planning Stage Dips
The Dodge Momentum Index fell 8.6% in March to 164.0, and commercial properties entering the planning stage dipped 3.2%, according to the Dodge Construction Network, Bedford, Mass.
Optimal Blue: Homebuyer Credit Score Reaches High of 737
Optimal Blue, Plano, Texas, released its March 2024 Originations Market Monitor report, finding that the average homebuyer credit score–at 737–is the highest since the firm began tracking the data in 2018.
NewsLink Q&A With TRUE’s Ari Gross: How AI Prevents Borrowers Data Errors, Reveals their Root Cause
MBA NewsLink recently interviewed Ari Gross, CEO and Co-Founder of TRUE, about Artificial Intelligence in the mortgage sector.
MBA Affordable Housing Partner Spotlight: Chrissi Rhea of Mortgage Investors Group
(One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s
affordable housing initiative.)