Selective defaults have increased in recent years, which can create a “slippery slope” to future defaults, reported S&P Global Ratings, New York.
Category: News and Trends
MBA Weekly Survey June 28, 2023: Mortgage Applications Increase Again
Mortgage applications increased 3.0 percent from one week earlier, the Mortgage Bankers Association’s Weekly Mortgage Applications Survey reported for the week ending June 23, 2023.
Miki Adams of CBC Mortgage Agency: How Down Payment Assistance Has Evolved Over Past Decade
Miki Adams is president of CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers.
Small Mortgages Lacking, Pew Says
The Pew Charitable Trusts, Philadelphia, found small mortgages to purchase low-cost homes–defined as those priced below $150,000–have become increasingly scarce.
Quote: June 28, 2023
“If I were trying to make a case that the decline in home prices that began in June 2022 had definitively ended in January 2023, April’s data would bolster my argument. Whether we see further support for that view in coming months will depend on how well the market navigates the challenges posed by current mortgage rates and the continuing possibility of economic weakness.”
–Craig Lazzara, Managing Director at S&P DJI.
To the Point with Bob: Regulators: Take Steps to Recognize Warehouse Lenders’ Important Role in Today’s Housing Finance Market
This is a difficult time for the housing industry, and those challenges extend to all corners—not only mortgage lenders but also the warehouse lenders, vendors, title companies, and real estate agents that support the housing and mortgage finance ecosystem.
Fitch: Commercial mREIT Sector Faces Further Pressures in 2023
Fitch Ratings, New York, said commercial mortgage real estate investment trust ratings will continue to be challenged by post-pandemic occupancy rates, “with growing recessionary risks and further deterioration of commercial real estate fundamentals.”
Ksenia Potapov from First American: Millennials, Walking Around Like They Own the Place
Amid the roller coaster housing market of the past few years, National Homeownership Month presents an opportunity to examine a fundamental driver of homeownership and housing demand: demographics.
mPowering You: MBA’s Summit For Women in Real Estate Finance Oct. 14
Experience powerful conversations and inspiring speakers and make new connections. Be part of the magic of this special day, where hundreds of women gather to learn from each other, create opportunities for one another and stand strong together.
Certified Mortgage Compliance Professional (CMCP) Designation
MBA offers the only certification and designation program geared exclusively toward compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP) Certification and Designation program.