NEW ORLEANS–Tim McCallum, senior vice president and head of single-family business account management at Fannie Mae, sees more optimism in the market today than in recent months.
Category: News and Trends
New Home Sales Grew in December
Per the U.S. Census Bureau and U.S. Department of Housing and Urban Development, sales of new single-family homes in December hit a seasonally adjusted annual rate of 664,000.
People in the News, Jan. 29, 2024
Industry news from Polly, Freddie Mac and Cenlar.
Freddie Mac’s Kevin Kauffman on DPA, Repurchases: #MBAIMB24
NEW ORLEANS–It’s important to solve problems together as an industry, Freddie Mac Vice President of Single-Family Client Engagement Kevin Kauffman said here at MBA’s Independent Mortgage Bankers Conference.
ICE ‘First Look’ for December: Foreclosure Starts at 18-Month Low
Intercontinental Exchange Inc., Atlanta, released its “first look” at mortgage performance data for December, noting that at 24,000, foreclosure starts marked an 18-month low in new activity. Total active foreclosures are the lowest since March 2022, and 25% below pre-pandemic levels.
Call for Nominations: MBA NewsLink 2024 Tech All-Star Awards
The MBA NewsLink 2024 Tech All-Star Awards nomination period is underway.
ATTOM: 2023 Home Selling Profits Still High, but Drop for First Time Since 2011
ATTOM, Irvine, Calif., released its Year-End 2023 U.S. Home Sales Report, highlighting that home sellers garnered $121,000 in profit on a typical home, and a 56.5% return on investment, in 2023.
MBA Recognizes Premier Members
MBA is proud to recognize its Premier Members and to thank them for their continued support of MBA and the real estate finance industry.
Quote: Jan. 26, 2024
“Talking to people here this week, there’s a positivity, a sense of optimism that may not have existed in the last 18 months.”
–Fannie Mae’s Tim McCallum, speaking at MBA’s Independent Mortgage Bankers Conference.
MBA: Mortgage Application Payments Decreased 3.8% to $2,055 in December
Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing to $2,055 from $2,137 in November.