In today’s rapidly evolving mortgage industry, two key pillars stand tall: sustainability and diversity, equity and inclusion.
Category: News and Trends
Make Your Voice Heard through MBA Mortgage Action Alliance
The MBA Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.
Quote: March 13, 2024
“Mortgage rates dropped below 7% last week for most loan types because of incoming economic data showing a weaker service sector and a less robust job market, with an increase in the unemployment rate and downward revisions to job growth in prior months.”
–Mike Fratantoni, MBA’s SVP and Chief Economist.
Point Survey: 70% of Homeowners with Adjustable-Rate Mortgages Regret It
More than two-thirds of homeowners who have taken out an adjustable-rate mortgage in the past 10 years regret it, according to a new study from home equity investment platform Point, Palo Alto, Calif.
Optimal Blue: Spring Homebuying Season Kicks Off With Increase in Origination Activity
Optimal Blue, Plano, Texas, released its February 2024 Originations Market Monitor report, finding an increase in monthly purchase mortgage locks. That propelled a net increase in origination activity despite the interest rate environment.
Permits for Homes Fell in 2023, Point2 Reports
Point2, Saskatoon, Saskatchewan, released its Housing Construction Report for the U.S., finding that 70% of U.S. metros experienced declines in permitting in 2023.
Redfin: Asking Rents Up 2% in February
Redfin, Seattle, reported asking rents rose 2.2% year-over-year to $1,981 in February. They also grew by 0.9% from January.
Rob Chrane From Down Payment Resource: Lenders are Letting Too Many FHA Borrowers Leave DPA on the Table
Here’s the kicker: a lot of DPA goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. And that’s a shame for every participant in the housing finance and real estate market.
Virtual and In-Person Options: Artificial Intelligence & Mortgage – The Art of the Possible on June 3
In today’s increasingly competitive and uncertain mortgage environment, lenders need to pay close attention to the power of Artificial Intelligence (AI).
Diverse Coalition Sends Letter Urging Action on Trigger Leads Bill
A diverse coalition of organizations, led by the Mortgage Bankers Association, sent a letter to leadership of the Senate Banking Committee and House Financial Services Committee urging movement on the Homebuyers Privacy Protection Act of 2024.