Category: News and Trends

Milliman: Mortgage Default Risk at 3.1% for Loans Acquired in Q3 2023

Milliman, Seattle, released its third-quarter Milliman Mortgage Default Index, which showed that quarter-over-quarter, mortgage default risk increased to 3.1% for loans acquired during the quarter from an adjusted 3.03% in the second quarter.

| By Anneliese Mahoney

More Employees in Offices Where Benefits Clearly Communicated, CBRE Survey Finds

CBRE, Dallas, conducted a new survey on in-office work among corporate real estate leaders, finding that leaders and employees remain dissimilar in views. However, CBRE noted, employers that can clearly communicate the benefits of such work have a higher level of attendance.  

| By Anneliese Mahoney

Quote: Dec. 7, 2023

“MBA believes the factors that have exacerbated our national housing affordability crisis are multifaceted and can only be solved through a series of incremental steps undertaken by the private, public, and non-profit sectors of our economy working in tandem – at the local, state, and federal levels.”
–MBA’s testimony at yesterday’s House Financial Services Committee’s Subcommittee on Housing and Insurance hearing on housing affordability, governmental barriers and market-based solutions.

| By MBA NewsLink Staff

MBA Weekly Survey Dec. 6: Mortgage Applications Increase

Mortgage applications increased 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Dec. 1, 2023. Last week’s results include an adjustment for the observance of the Thanksgiving holiday.

| By MBA NewsLink Staff

Quote: Dec. 6, 2023

“Mortgage rates declined last week, with the 30-year fixed-rate mortgage falling to 7.17%– the lowest level since August 2023. Slower inflation and financial markets anticipating the potential end of the Fed’s hiking cycle are both behind the recent decline in rates.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist

| By MBA NewsLink Staff