This week’s Chart of the Week explores differences in average home purchase loan sizes by company type, where company types are defined by primary regulator and balance sheet assets (with large depositories holding assets of $10 billion or more).
Category: News and Trends
Redfin: Typical Monthly Payment Up Nearly 20% From Last Year
Redfin, Seattle, found the typical U.S. homebuyer’s monthly payment is up 19% from a year ago, at $2,605, during the four weeks ending July 30.
Cenlar’s Sara Avery: Building an Effective Risk-Aware Culture
Managing risk is a key factor to strategic business planning and success. So the saying that everyone is a risk manager may sound cliché and simple, but it’s absolute.
Freedom Mortgage Announces Maroon 5 Concert Oct. 16
Freedom Mortgage Corp., a private company founded outside of Philadelphia in Mount Laurel, N.J., announced a concert and networking event featuring Maroon 5 on Monday, Oct. 16 at the Kimmel Cultural Campus in Philadelphia.
Jobs Up by 187,000; Unemployment Rate Flat in July
Total nonfarm payroll employment was up by 187,000 in July, and the unemployment rate remained fairly flat at 3.5%, the U.S. Bureau of Labor Statistics reported.
Quote: Aug. 7, 2023
“Job growth is weakening and wage growth is holding steady, but both are still above the pace that would be consistent with the Federal Reserve’s inflation target. However, we expect that the FOMC will hold the federal funds target at its current level given the declining trend in inflation.”
–MBA Vice President and Deputy Chief Economist Joel Kan
MBA Advocacy Update: MBA, Housing Policy Council Request Review Process for VA’s Foreclosure Prevention Proposal
This week’s top legislative and policy news from the Mortgage Bankers Association.
MBA Chart of the Week Aug. 7: Average Home Loan Size
This week’s Chart of the Week explores differences in average home purchase loan sizes by company type, where company types are defined by primary regulator and balance sheet assets (with large depositories holding assets of $10 billion or more).
Amber Rao, Marcy Thomas Discuss MBA’s COMBOG DE&I Council
Amber Rao, CCIM, Vice President with KeyBank Real Estate Capital, and Marcy Thomas, CCIM, CCMS, Vice President, Portfolio Loan Manager with Grandbridge Real Estate Capital, sat down with MBA NewsLink to discuss MBA’s COMBOG DE&I Council.
MISMO Seeks Public Comment on Tools Aimed at Enhancing Business Efficiency
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comments on the latest version of the MISMO Life of Loan Process Model, and an updated version of the MISMO Business Glossary.