“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.
SAN DIEGO–Senior government executives visited the MBA Commercial/Multifamily Finance Convention & Expo 2023 to discuss their successes and challenges, including how to increase the national supply of affordable housing.
Mortgage applications for new home purchases in January jumped by 42 percent from December but fell by 3.5 percent from a year ago, the Mortgage Bankers Association reported Friday.
MISMO hosts a webinar, FHFA Credit Scoring Changes–MISMO Takes Lead to Surface Impact to Industry, on Wednesday, Feb. 22 from noon-1:00 p.m. ET.
Redfin, Seattle, said roughly one-third (31.2%) of U.S. home purchases were paid for with all cash in December, up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November.
What will set winners apart from the rest is the strategy they choose and how they apply these and other tactics to achieve their goals. Settling on the right strategy for making the most of the upcoming spring homebuying season will make or break an institution’s mortgage lending business.
Here’s a summary of recent housing industry articles that have come across the MBA NewsLink desk:
Today, we’ll redefine what “for life” means in a new way, and in particular focus on the mortgage technology stack that follows your borrower each month for years, and that which will maximize your opportunity to serve again
Last week, MBA joined 10 other trade associations in a letter to the Securities and Exchange Commission requesting an extension to the recently re-proposed Securitization Conflicts of Interest Rule.
According to MBA’s latest Warehouse Lending Survey, warehouse lenders – as of the end of fourth-quarter 2022 – reported an average outstanding balance of $15.4 million per active client on their warehouse lines for first mortgages held for sale. This marks the fifth consecutive quarterly decline in per-client outstandings
