This week’s top legislative and policy news from the Mortgage Bankers Association.
Category: News and Trends
MBA Chart of the Week June 20, 2023: Mortgage Credit Availability Index
According to data from MBA’s May 2023 Mortgage Credit Availability Index (MCAI), we saw the third consecutive month of declining credit availability, as the industry continued to see more consolidation and reduced capacity as a result of the tougher market.
Redfin Reports Housing Inventory Slump: 39% Fewer Homes for Sale Than Pre-Pandemic
Redfin, Seattle, dug into the ongoing housing inventory crunch, finding there are 39% fewer homes for sale now compared with June 2018.
MBA Comments on HUD COVID-Related Loss Mitigation Report
The HUD Office of the Inspector General issued two audit reports Thursday examining the loss mitigation options that loan servicers provided to borrowers with FHA-insured loans after their COVID-19 forbearance ended.
Jon Maynell from iEmergent: Think Your Market Is a Barren Desert? Look Again
Sure, you could acquire more companies or recruit hotshot producers to grow-but those strategies take a lot of resources, and their success is far from guaranteed. What if, instead, you found a hidden opportunity within your existing footprint?
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.
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.
MBA Premier Member Profile: Lenders One
One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.
Redfin Reports Housing Inventory Slump: 39% Fewer Homes for Sale Than Pre-Pandemic
Redfin, Seattle, dug into the ongoing housing inventory crunch, finding there are 39% fewer homes for sale now compared with June 2018.
Apartment Occupancy Solid in May, Continues Steady 2023
Apartment occupancy is holding steady year-to-date so far in 2023, with May’s apartment occupancy rate at 94.7%–and flat from April, RealPage, Richardson, Texas, reported.