ORLANDO–The Federal Housing Administration announced here at the MBA Servicing Solutions Conference & Expo that it will reduce the mortgage insurance premiums it charges home buyers for its mortgage insurance.
Category: News and Trends
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MBA: Mortgage Application Payments Increased 2.3% in January to $1,964
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing 2.3 percent to $1,964 from $1,920 in December 2022, the Mortgage Bankers Association reported.
MBA Weekly Survey Feb. 22, 2023: Mortgage Applications Decrease
Mortgage applications decreased 13.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 17, 2023.
Housing Market Roundup: Feb. 23, 2023
Here is a quick summary of recent housing news that have come across the MBA NewsLink desk:
(#MBAServicing23) Government Agencies Stress Flexibility
ORLANDO—Representatives of government agencies here at the Mortgage Bankers Association’s Servicing Solutions Conference & Expo stressed their agility in addressing key issues facing mortgage servicers.
Dealmaker: Dwight Capital Finances $127M
Dwight Capital, New York, closed $126.9 million for properties in Texas and New York.
#MBAServicing23: Jones: More Challenges Ahead for Servicers
ORLANDO–Mortgage Bankers Association Chairman-Elect Mark Jones kicked off the MBA Servicing Solutions Conference & Expo here with a thank-you to the mortgage servicing industry’s “heroic” work during the coronavirus epidemic, now in its third full year.
Quote: Feb. 23, 2023
“The lower premiums will expand homeownership opportunities by lowering mortgage payments for qualified FHA borrowers, providing critical relief from the steep rise in mortgage rates and home prices just in time for the spring buying season. This will especially help minority homebuyers and low-and moderate-income households who are predominantly served by FHA loans.” –MBA President & CEO Robert Broeksmit, CMB.
#MBAServicing23: FHA Announces 30bp Reduction in Mortgage Insurance Premiums
ORLANDO–The Federal Housing Administration announced here at the MBA Servicing Solutions Conference & Expo that it will reduce the mortgage insurance premiums it charges home buyers for its mortgage insurance.