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.
Category: News and Trends
Housing Market Roundup: Feb. 17, 2023
Here’s a quick summary of recent housing market stories that have come across the MBA NewsLink desk:
MBA Mortgage Action Alliance Call to Action Seeks Flexibility in HUD Multifamily Mortgage Insurance Programs
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a Call to Action this week, urging its members to urge Congress to support the need for HUD to provide greater flexibility in its policies for FHA multifamily mortgage insurance programs.
Housing Starts Down 5th Straight Month
Housing starts fell in January, HUD and the Census Bureau reported Thursday, marking the fifth straight monthly drop, the longest streak of declines since 2009.
Dealmaker: Northmarq Secures $38M in Senior Housing Construction Financing
Northmarq, Minneapolis, secured a $38.1 million construction loan for Lake Forest at Swift Creek in suburban Richmond, Va.
#MBACREF23: Multifamily Leadership Perspectives
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.
MBA: 4Q Mortgage Delinquencies Increase
Mortgage delinquencies rose to near 4 percent in the fourth quarter, the Mortgage Bankers Association reported Thursday, but remained near survey lows.
MISMO Webinar Feb. 22: FHFA Credit Scoring Changes–MISMO Takes Lead to Surface Impact to Industry
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.
Industry Briefs Feb. 17, 2023: Homes Bought with Cash Down from November Peak
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.
MBA Offices Closed Monday
MBA offices will be closed this Monday, Feb. 20, in observation of the Presidents Day holiday. MBA NewsLink will not publish.