“Yes, I’m willing to look at it.”
–HUD Secretary Marcia Fudge, discussing the possibility of eliminating FHA mortgage insurance premiums when the borrower reaches a certain equity threshold.
Category: News and Trends
MISMO Releases 2023 Annual Report at Winter Summit
MISMO, the real estate finance industry’s standards organization, released its 2023 Annual Report at its 2024 Winter Summit.
95% of Millennials Report Facing Barriers to Homeownership, Survey Finds
While 78% of millennials say purchasing a home is part of the American dream, 48% don’t think homeownership is affordable for the average member of their generational cohort.
Yardi Matrix: Rents Fall Again in December 2023
Yardi Matrix, Santa Barbara, Calif., released its Yardi Matrix National Multifamily Report, finding that rents declined for a fifth consecutive month.
Inflation Increases Slightly in December
The headline inflation rate increased modestly during December, the Bureau of Labor Statistics reported Thursday.
ATTOM: 2023 Foreclosure Filings Top 2022, but Remain Below Pre-Pandemic Numbers
ATTOM, Irvine, Calif., released data on year-end 2023 foreclosures, finding that foreclosure filings were up 10% from 2022 and 136% from 2021. However, they were down 28% from pre-pandemic 2019.
Tim Nguyen from BeSmartee: 2024 Strategies for Mortgage Executives–Breaking Down Expenses, Technology and the 20% Volume Surge
For most mortgage lenders, 2024 will be a better year, but not a great year due to too many chasing a finite market. 2024 is what I call a “foundational year,” where you rebuild the very structure your business sits upon.
Quote: Jan. 12, 2024
“Reflecting on 2023, we see the recent rise in foreclosure activity as a market correction rather than a cause for alarm. It signals a return to more traditional patterns after years of volatility.”
–ATTOM CEO Rob Barber
Why You Should Participate in MBA Residential Committees, Councils and Networks
The Mortgage Bankers Association has more than three dozen opportunities for participation on MBA residential committees, councils and networks, to formulate policy, connect with colleagues and further the success of the real estate finance industry.
MBA DEI Playbook Member Resource
MBA and its member companies continue to make significant strides in furthering diversity, equity and inclusion (DEI) within the real estate finance industry. It is our collective mission to ensure that our industry’s workforce reflects the communities we serve.