Given that default would be an unprecedented event, there is no standard “playbook” like the one we’ve all utilized during prior government shutdowns. Over the last number of days, MBA has been receiving input from members as we try to understand how our industry may have to navigate a default.
–MBA President & CEO Bob Broeksmit, CMB.
CoreLogic, Irvine, Calif., said just 2.6% of mortgages in the United States were in a stage of delinquency in March, a new low.
That’s a wrap. MBA NewsLink Editor Mike Sorohan retires today after more than 23 years with MBA.
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.
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.
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 …
Homebuyer affordability declined further in April, with the national median payment applied for by purchase applicants increasing 0.9 percent to $2,112, the Mortgage Bankers Association’s Purchase Applications Payment Index reported.
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.
“As the regulator of Fannie Mae, Freddie Mac and the Federal Home Loan Banks, FHFA has a twin mandate of ensuring that our regulated entities operate in a safe and sound manner and ensuring that they support access to safe and affordable housing across the nation.”
–Naa Awaa Tagoe, Deputy Director of the Division of Housing Mission and Goals with FHFA.
NEW YORK–Affordability is among the top challenges for the housing market. Having strong counterparty relationships and sustainable products helps lenders to better serve the market and maintain liquidity.
