The Federal Reserve’s Federal Open Market Committee left interest rates unchanged May 7.
Category: News and Trends
Quote of the Day
“Overall levels of credit supply remain tight but have generally grown since 2023, as lenders continue to offer cash-out refinance loan programs as well as jumbo and non-QM loans.” –MBA Vice President and Deputy Chief Economist Joel Kan
People in the News, May 8, 2025
Industry personnel news from FICS and Westcor Title Land Insurance Co.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 11% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 2, 2025.
MISMO Seeks Public Comment on Updated Mortgage Insurance Activation API
MISMO, the real estate finance industry’s standards organization, announced it is seeking public comment on revisions to the previously published Mortgage Insurance (MI) Activation API Implementation Guide (iGuide) and sample files. The 30-day public comment period runs through June 5, 2025.
RentCafe: Washington, D.C., Most Active for Rental Activity in Q1
RentCafe, Santa Barbara, Calif., released its new Renter Engagement Tracker, finding that Washington D.C., got the most engagement on its site through Q1 2025.
MBA Sends Letter on VA Home Loan Program Reform Act
The Mortgage Bankers Association sent a letter to House Veterans Affairs Committee leadership May 6, expressing support for the VA Home Loan Program Reform Act, or H.R. 1815.
Associate Member Benefit Webinar, May 13
Join us for an exclusive Associate Member Benefit Webinar designed to help you make the most of your MBA membership.
Quote of the Day
“We should not repeat the mistakes of the past when a viable VA loss mitigation option was terminated without a replacement, unfairly stranding veterans without the options available to all other government supported borrowers.”
–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer
Dealmaker: Walker & Dunlop Secures $238M for New York Mixed-Use Community
Walker & Dunlop, Bethesda, Md., secured $237.5 million for a transit-oriented mixed-use community and a five-story condominium within the Edge-on-Hudson development in Sleepy Hollow, N.Y.