“Mortgage credit availability decreased for the third consecutive month, as the industry continued to see more consolidation and reduced capacity as a result of the tougher market.”
–MBA Vice President and Deputy Chief Economist Joel Kan
Category: News and Trends
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%.
MBA Advocacy Update June 12, 2023
This week’s top legislative and policy news from the Mortgage Bankers Association.
One-Third of Homebuyers Used Cash in April, Redfin Finds
Redfin, Seattle, reported 33.4% of home purchases in April were all-cash, the highest share in nine years and up from 30.7% in April 2022.
Dealmaker: Marcus & Millichap Closes $37M Orange County Shopping Center Sale
Marcus & Millichap, Calabasas, Calif., sold and financed Bristol Place, a 61,454-square-foot shopping center in Santa Ana, Calif.
MBA Advocacy Update June 12, 2023
This week’s top legislative and policy news from the Mortgage Bankers Association.
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.
Trepp: CMBS Special Servicing Rate Rises to 6.11%
Trepp, New York, reported its CMBS Special Servicing Rate climbed 49 basis points to 6.11% in May, marking its fourth sequential monthly increase.
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.