MBA recently released its April Purchase Applications Payment Index (PAPI), which revealed that affordability continued to erode in the first four months of 2023.
Category: News and Trends
MBA Advocacy Update May 30, 2023
This week’s top legislative and policy news from the Mortgage Bankers Association.
Hassan Rashid of Tavant: Rising Mortgage Rates and the Paradigm Shift of Digital Lending
In the ever-changing landscape of the mortgage industry, adaptability and technological innovation have become crucial for lenders seeking success in the current market. As mortgage rates fluctuate and homebuyers exercise caution, lenders must pivot their strategies and embrace digital lending solutions to drive business excellence.
March Mortgage Delinquency Rate Falls to Record Low, CoreLogic Finds
CoreLogic, Irvine, Calif., said just 2.6% of mortgages in the United States were in a stage of delinquency in March, a new low.
This Just In: Mike Sorohan Retires
That’s a wrap. MBA NewsLink Editor Mike Sorohan retired Friday after more than 23 years with MBA.
#MBASecondary23: A Look Ahead at Government Lending
NEW YORK–Leaders of FHA, the Federal Housing Finance Agency and Ginnie Mae shared recent developments and their outlook for future policies and activities here at the Mortgage Bankers Association’s National Secondary Market Conference & Expo.
#MBASecondary23: ESG ‘Here to Stay’
NEW YORK–ESG–Environmental, Social and Governance—has evolved over the years. Many industries have embraced it; some politicians have decried it as anti-free market.
Deadline July 3: Apply for MBA Education’s Residential Educator of the Year
The Mortgage Bankers Association announced that applications have opened for MBA Education’s Residential Educator of the Year Award. The award recognizes an MBA member company that exemplifies a commitment to …
Odeta Kushi from First American: Mind the Gap Between Mortgage Rates and the 10-Year Treasury Yield
The popular 30-year fixed mortgage rate is loosely benchmarked to the 10-year Treasury bond. Since the end of the Great Recession, the 30-year fixed mortgage rate has on average remained 1.7 percentage points higher than the 10-year Treasury bond yield. Yet, this spread is not always consistent.
Industry Briefs May 30, 2023
Industry news briefs from Freddie Mac, Foundation Mortgage Corp. and Forta Solutions.