“Mortgage rates increased last week as incoming data showed inflation was still hotter than expected, which stoked concerns about the timing and extent to which the Fed might be able to reduce the fed funds rates this year. After three weeks of declines, the 30-year fixed mortgage rate increased to 6.97%”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
WASHINGTON–As Mortgage Bankers Association members take to the nation’s capital–and U.S. Capitol Building–to share the industry’s story with lawmakers and hear from legislative stakeholders via the National Advocacy Conference, key policy and regulatory topics such as Basel III endgame, housing supply and HUD Secretary Marcia Fudge stepping down are top of mind.
Join your real estate industry young professional peers for MBA mPact’s second annual Summit on Thursday, April 4.
The Mortgage Bankers Association announced that Madisyn Rhone joined the association as Vice President of Legislative Affairs.
The Mortgage Bankers Association presented its annual Burton C. Wood Legislative Service Award to Christine (Chrissi) Rhea, President/CEO of the Mortgage Investors Group (MIG), at MBA’s 2024 National Advocacy Conference.
JLL Capital Markets, Chicago, closed $135 million in first-lien financing for Cross Creek Ranch, a 122,000-square-foot mixed-use property in Malibu, Calif.
Mortgage applications decreased 1.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 15, 2024.
With a foundation built on 43 years of experience, PCV Murcor brings a deep understanding of our clients’ goals that complements appraisal modernization.
In today’s increasingly competitive and uncertain mortgage environment, lenders need to pay close attention to the power of Artificial Intelligence (AI).
MISMO, the real estate finance industry’s standards organization, launched the Innovation Investment Fee in February 2021 to allow lenders to support the important work necessary to foster efficiency, cost reduction, interoperability, digital transformation and innovation in the mortgage process and much more.
