Mortgage applications increased 7.2 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 9, 2023.
Category: News and Trends
Today: MBA Mortgage Action Alliance Townhall Legislative Update
The MBA Mortgage Action Alliance’s Quarterly Advocacy Webinar, Townhall Legislative Update, takes place Thursday, June 15 from 2:00-3:00 p.m. ET.
Quote: June 14, 2023
“Mortgage applications were up over the week, but remained well below levels from a year ago.” –MBA Vice President and Deputy Chief Economist Joel Kan.
Mortgage Credit Availability Down in May
Mortgage credit availability fell in May, the Mortgage Bankers Association reported Tuesday.
Mortgage Cadence EVP of Services Jim Rosen: Seeing the Return From Our AI Investments
Every lender that gets excited about what AI will finally allow them to do–and that list is long–also needs to carefully consider how they will earn those investments back, with a return.
Illinois Launches $15M Homeownership Assistance Program
Illinois launched a new homebuyer program designed to increase accessibility for low- and moderate-income individuals, families and seniors interested in purchasing a home in the state.
Mortgage Locks See Modest Rise in May, But Remain Suppressed, Black Knight Reports
Mortgage lending improved in May compared to April, but remains constrained to say the least, reported Black Knight, Jacksonville, Fla.
MBA Chart of the Week June 12, 2023: Annual House Price Change by State
National house price growth has cooled drastically since reaching a high of 18.5 percent in the third quarter of 2021, with first quarter 2023 house price appreciation coming in at 4.3%.
Sponsored Content from CreditXpert: The Often-Ignored, Highly Strategic 3rd “C” of Mortgage Lending
From the outside, lending looks like a straightforward business. All you have to do is take the application from someone who wants a loan and determine whether or not you think they are a good risk for the deal and will repay the loan.
Of course, it’s not that simple. It never has been.
FormFree President Eric Lapin: If You’re Not Using Blockchain in Financial Services, You’re Already Behind
Remember just a few years ago when companies were hesitant to embrace cloud computing? Now, cloud-based strategies are standard industry-wide. I foresee the same destiny for blockchain technologies, and the revolution is already underway.