Excerpted from a recent webinar featuring Tammy Richards of LendArch; Rob Chrisman of The Chrisman Commentary; and Augie Del Rio of Gallus Insights.
Category: News and Trends
Call for Nominations: MBA NewsLink 2023 Tech All-Star Awards; Deadline Jan. 20
The MBA NewsLink 2023 Tech All-Star Awards nomination period is underway. Nominations will be accepted through Friday, Jan. 20.
December New Home Purchase Mortgage Applications Down 25.2 Percent
Mortgage applications for new home purchases in December fell by 5 percent from November and by 25.2 percent from a year ago, the Mortgage Bankers Association reported Thursday.
Quote: Jan. 20, 2023
“FHFA’s holistic review of the GSEs’ up-front pricing framework has led to extensive reworking of the grids, and it will take some time to assess the full impact on borrowers and the market. Our initial review indicates that the new framework results in a modest net increase in overall pricing, which is a concern given ongoing affordability challenges and the higher interest rate environment.”
–MBA President & CEO Bob Broeksmit, CMB.
MBA Awards More Than $148,000 in Path to Diversity Scholarships
The Mortgage Bankers Association awarded more than $148,000 in scholarships last year to 167 women and those from historically marginalized and underrepresented groups under its Path to Diversity Scholarship Program.
December New Home Purchase Mortgage Applications Down 25.2 Percent
Mortgage applications for new home purchases in December fell by 5 percent from November and by 25.2 percent from a year ago, the Mortgage Bankers Association reported Thursday.
Small-Cap Real Estate Conditions Dim
Small-cap commercial real estate market conditions have dimmed–and things will likely get worse before they get better, reported Boxwood Means LLC, Stamford, Conn.
Builder Confidence Up for 1st Time in a Year
Builder confidence in the housing market rose for the first time in 12 months, the National Association Home Builders reported Wednesday, as a drop in mortgage interest rates brought out more potential new home buyers.
Higher Rates Make Renting More Affordable that Homeownership
ATTOM, Irvine, Calif., said higher mortgage interest rates tipped the needle toward renting over homeownership.
Dealmaker: Gantry Secures $17M for California Retail Center
Gantry, San Francisco, secured $16.7 million to refinance the Market Place at Town Center retail center in El Dorado Hills, Calif., near Sacramento.