Privately owned housing starts in May hit a seasonally adjusted annual rate of 1,631,000, the Census Bureau and Department of Housing and Urban Development jointly reported Tuesday.
Category: News and Trends
MAA Call to Action: MBA-Supported ‘Trigger Leads’ Bill Introduced; Act Today
Late last week, Rep. John Rose, R-Tenn., introduced H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act, which would eliminate abusive trigger leads while preserving their use in appropriately limited circumstances – such as communicating with existing customers.
People in the News June 21, 2023: Enterprise Community Partners Announces Shaun Donovan as CEO
Enterprise Community Partners, Columbia, Md., named Shaun Donovan its new CEO and President, effective Sept. 1.
Equifax Workforce Solutions’ Chad Whittenberg: Utilizing Instant Verifications Earlier in Mortgage Lending Cycle Provides Value to Lenders, Consumers
If lenders want to stay competitive, they must take a holistic approach that leverages relevant data at every stage of the lending process.
U.S. Foreclosure Activity Spikes in May
Foreclosure filings–default notices, scheduled auctions or bank repossessions–increased 7% in May from April and 14% from a year ago, reported ATTOM, Irvine, Calif.
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.
MBA Weekly Survey June 21, 2023: Mortgage Applications Increase
Mortgage applications increased 0.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 16, 2023.
MBA: May New Home Purchase Mortgage Applications Increased 16.6%
The Mortgage Bankers Association’s Builder Application Survey for May 2023 shows mortgage applications for new home purchases increased 16.6 percent compared from a year ago.
Quote: June 21, 2023
“Participate in MBA’s Mortgage Action Alliance Call to Action and urge your U.S. Representative to co-sponsor H.R. 4198, the MBA-supported ‘trigger leads’ bill.”
–From the MAA Call to Action about H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act
Matt Stepanovich of SingleSource Property Solutions: The ABCs of Appraisal Modernization
Matt Stepanovich serves as Vice President, Appraisal Modernization & Quality Control for SingleSource Property Solutions, where he oversees the company’s appraisal modernization initiatives.