The Mortgage Bankers Association Builder Application Survey data for September 2023 shows mortgage applications for new home purchases increased 14.9 percent from a year ago.
Category: News and Trends
Processes, Preparation Important Part of Appraisal Bias Conversation, Panelists Say
PHILADELPHIA–Be prepared and have good processes. Those were some lessons regarding the hot topic of appraisal bias imparted during a breakout session panel on “Today’s Top Regulatory Issues” at the Mortgage Bankers Association’s Annual Convention & Expo here Oct. 17.
MBA Forecast: Commercial/Multifamily Lending Expected to Fall 46% to $442 Billion in 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $442 billion this year, a 46% decline from 2022’s total of $816 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association.
MBA Education Honors Karley Bond with Willis Bryant Award
PHILADELPHIA–MBA Education honored Regions Mortgage’s Karley Bond, CMB, AMP, with its 2023 Willis Bryant Award here during the 2023 MBA Annual Convention and Expo.
MISMO Calls for Participation in Title and Closing Docs to Data Workgroup
MISMO®, the real estate finance industry’s standards organization, announced a call for industry professionals to join the Title and Closing Docs to Data Development Workgroup.
CoreLogic: Annual Single-Family Rent Growth Moderates, but Price Squeeze Persists
Annual single-family rent growth slowed to 2.9% in August, the sixteenth consecutive month of declines, according to CoreLogic, Irvine, Calif.
MBA Recognizes 53 New Certified Mortgage Banker Graduates
PHILADELPHIA–MBA Education, the award-winning education division of the Mortgage Bankers Association, recognized 53 individuals who earned the Certified Mortgage Banker (CMB®) designation at a ceremony held today at MBA’s 2023 Annual Convention & Expo. Earning one’s CMB is the highest professional honor within the real estate finance industry.
MBA Opens Doors Foundation Announces 2023 Award Winners
PHILADELPHIA–The MBA Opens Doors Foundation announced the recipients of its annual awards, which recognize those who have made lasting contributions to advance the Foundation’s mission of providing mortgage and rental assistance to families with critically ill or injured children.
CoreLogic: Mortgage Fraud Risk Drops by 3.1% Year-Over-Year
CoreLogic, Irvine, Calif., found that mortgage application fraud declined 3.1% year-over-year compared to the second quarter of 2022.
ULI: Investors Can Leverage Climate Risk Disclosure Data
The Urban Land Institute, Washington, D.C., said investors can leverage the data resulting from government regulations that require real estate companies to disclose climate-related risks related to their properties and overall business models.