The Mortgage Bankers Association’s Builder Application Survey for August 2023 shows mortgage applications for new home purchases increased 20.6 percent compared to a year ago.
Category: News and Trends
Industry Briefs Sept. 15, 2023
Industry briefs from CoreLogic, LenderLogix, Dovenmuehle and National MI.
MBA: August New Home Purchase Mortgage Applications Increased 20.6%
The Mortgage Bankers Association’s Builder Application Survey for August 2023 shows mortgage applications for new home purchases increased 20.6 percent compared to a year ago.
Fitch: Despite Some Moderation, Homes Prices Remain Overvalued in Most of the U.S.
Fitch Ratings, New York, estimates home prices are overvalued in 82% of the U.S. metros, with nearly half of these areas overvalued by 10% or more.
Industry Briefs Sept. 14, 2023
Industry briefs from CoreLogic, LenderLogix, Dovenmuehle and National MI.
10% of Home Sellers Point to In-Office Policies, Survey Says
A recent survey from Redfin, Seattle, found that 10.1% of respondents who report being likely to sell a home and move over the next year are being propelled by return-to-office policies.
Natural Disasters, Insurance Landscape Cause Industry Disruptions, Panelists Say
WASHINGTON–Amid a cascading series of natural disasters, the homeowners’ insurance market has been seriously disrupted, and is likely to remain that way for the foreseeable future, panelists said at the Mortgage Bankers Association’s Compliance and Risk Management conference.
MISMO Publishes Updated Version 3 XML Reference Model General Information Guide
MISMO®, the real estate finance industry’s standards organization, published the updated Version 3 XML Reference Model General Information Guide.
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.
Dealmaker: Sonnenblick-Eichner Arranges $21M to Refinance Cotton Court Hotel in Lubbock, Texas
Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged $21 million in fixed-rate, first mortgage financing for the Cotton Court hotel in Lubbock, Texas.