“The forbearance rate is just 8 basis points shy of where we were at the beginning of March 2020, which indicates that most homeowners have recovered from the pandemic.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.
Category: News and Trends
mPower Presents: Maintaining Inspiration and Resilience in the Current Market–Sept. 21
Join mPower for an in-depth discussion on gaining a new perspective and how to stay inspired while navigating the choppy waters of the present-day market. Participants will be given tools that will empower them to reach their peak in work and life with confidence and optimism.
Sponsored Content from ACES Quality Management: How QC Drives Profit Preservation
Amidst changing QC requirements and increasing repurchase risk, lenders must invest in automation to drive efficiency and protect profits.
Sponsored Content from ACES Quality Management: How QC Drives Profit Preservation
Amidst changing QC requirements and increasing repurchase risk, lenders must invest in automation to drive efficiency and protect profits.
Mortgage Applications Increase Despite High Rates
MPA, Sept. 15, 2023-Candyd MendozaLoan applications for new home purchases in August increased 4% from the previous month despite the high mortgage rates subduing overall borrower demand.Click here to read.
More Than 80% of Home Buyers Consider Climate Risks When Shopping for a Home: Zillow
New Zillow research shows that more than 80% of prospective home buyers consider climate risks as they shop.
Laird Nossuli and Mark Watson: A Deep Dive into iEmergent’s August Mortgage Forecast
iEmergent, Urbandale, Iowa, recently published its downgraded forecast for purchase and refi business in 2023 and 2024. MBA NewsLink asked iEmergent CEO Laird Nossuli and chief of forecasting Mark Watson to provide more context for our readers.
Dealmaker: Berkadia Secures $26M in Financing for Land Rover Dealership in Los Angeles
Berkadia, New York, announced it secured $26 million for the financing of Land Rover Los Angeles, a dealership and service center.
MBA Chart of the Week: New Home Purchase Applications
Purchase activity for newly built homes has outperformed existing home purchases for most of 2023. The lack of existing home inventory has been due to low mortgage rates in 2020 and 2021 that are keeping current homeowners from listing their homes.
MBA Advocacy Update Sept. 18: Broeksmit Testifies on Capitol Hill
This week’s top legislative and policy news from the Mortgage Bankers Association.