MBA NewsLink spoke with Joseph Camerieri of Mortgage Cadence about the mortgage landscape after the Black Knight/ICE merger, and what it will take to succeed in such an environment.
Category: News and Trends
MBA Chart of the Week: Selected Indexes of Housing Costs
The monthly cost burden of purchasing a new home, as interest rates and house prices rose precipitously in 2022, continued in the first few months of 2023. For example, MBA’s Purchase Applications Payment Index (PAPI), hit a new high in May. Since then, despite 30-year mortgage interest rates eclipsing 7%, the index has come down slightly as median loan application amounts moderated. We are, however, still in record territory as shown by the solid green line in this week’s chart.
FHFA: GSEs Completed 47,370 Foreclosure Prevention Actions during Second Quarter
Fannie Mae and Freddie Mac completed 47,370 foreclosure prevention actions during the second quarter, raising the total number of homeowners helped to 6.8 million since the conservatorships started in 2008, the Federal Housing Finance Agency reported.
People in the News, Sept. 26, 2023
Freddie Mac CEO Michael DeVito announced he will retire from the post in the first quarter of 2024.
MortgageRight and Advantage Systems: Real World Applications for Real-Time Data, A Branch Manager’s Perspective
The challenge for many lenders today is actually one of “data overload” as they work to convert “available” data into “actionable” data.
MBA Member Advantage Program: Exclusive Benefits and Discounts with Industry Partners
MBA has partnered with several companies to offer member discounts on products and services you use every day, adding significant value to your MBA membership.
Housing Market and Policy Trends with Prof. Susan Wachter at #MBAAnnual23
On Oct. 17 at MBA Annual, University of Pennsylvania Professor Susan Wachter, an expert in housing finance and real estate and urban economics, will discuss the latest data and trends in homeownership, housing supply, affordability and other market trends impacting your business.
Sponsored Content From CreditXpert: How to Keep Credit Scores from Robbing You of New Mortgage Lending Business
A borrower’s credit report provides a valuable snapshot of their financial health. Mortgage lenders have been using it for years to underwrite their deals, credit is, the most dynamic of the 3 Cs of lending, and it has proven a reliable source of data to predict loan performance. But it can be more than that if the lender learns not to take the borrower’s credit at face value.
MBA Advocacy Update Sept. 25: FDIC Chairman Gruenberg Calls for Enhanced Prudential Standards and Increased Nonbank Reporting in Speech
This week’s top legislative and policy news from the Mortgage Bankers Association.
Sponsored Content From CreditXpert: How to Keep Credit Scores from Robbing You of New Mortgage Lending Business
A borrower’s credit report provides a valuable snapshot of their financial health. Mortgage lenders have been using it for years to underwrite their deals, credit is, the most dynamic of the 3 Cs of lending, and it has proven a reliable source of data to predict loan performance. But it can be more than that if the lender learns not to take the borrower’s credit at face value.