MBA offices will close on Friday, Dec. 23 at 5:00 p.m. ET and will remain closed throughout the holidays, reopening on Tuesday, Jan. 3, 2023.
Category: News and Trends
November Housing Starts Down Slightly; Permits Plunge
Housing starts fell in November but beat expectations, the Census Bureau and HUD reported Tuesday. The news, however, came in building permits, which fell sharply from both October and a year ago.
Dealmaker: JBM Brokers $115M Florida Apartment Sale
JBM Institutional Multifamily Advisors, Naples, Fla., brokered a Class A southwest Florida multifamily property sale for $115 million.
MBA Commends Senate for Passing Bill to Improve VA Home Loan Benefit
The Mortgage Bankers Association commended the Senate for passing H.R. 7735, the Improving the VA Home Loan Benefit Act of 2022.
Top National News Dec. 21, 2022
Here’s a summary of Top National News Items from major news sites and industry trade publications. To get started, click on the headline above:
November New Home Purchase Mortgage Applications Up 1%
The Mortgage Bankers Association’s November Builder Applications Survey reported mortgage applications for new home purchases rose by 1percent from October, but fell by 25.2 percent from a year ago.
MBA: November Share of Mortgage Loans in Forbearance Flat
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance remained flat at 0.70% as of November 30. MBA estimates 350,000 homeowners are in forbearance plans.
Quote
“MBA applauds the Senate for passing–by unanimous consent–this bill that helps to ensure our nation’s servicemembers, veterans, and their families have access to more affordable, sustainable homeownership opportunities through the Department of Veterans Affairs’ Home Loan Program.”
–MBA President & CEO Bob Broeksmit, CMB, on Senate passage of H.R. 7735, the Improving the VA Home Loan Benefit Act of 2022.
MBA News Dec. 21, 2022
Today in MBA News: MBA Servicing Solutions Conference & Expo; MBA Education CMB Prep Course; MBA Education Webinar–Fundamentals of Mortgage Banking for Servicing Professionals; MBA Mortgage Action Alliance. To read more, click on today’s MBA News headline.
JT Edelen of Equifax: Trends in Employment and Credit Access: Navigating Mortgage Lending Amid Economic Uncertainty
Faced with today’s changing income and employment trends, leveraging expanded datasets can help financial institutions continue to provide fast, confident mortgage lending decisions, expand access to credit and grow their portfolios.