“MBA congratulates William Pulte on his confirmation to serve as the next FHFA Director and applauds Senate leadership for its swift action in scheduling his confirmation vote.”
–MBA’s President and CEO Bob Broeksmit, CMB, discussing William Pulte’s confirmation to serve as Director of FHFA
LightBox, Irvine, Calif. reported a sharp rise in its February commercial real estate activity Index, which climbed to 96.1, up from 80.7 in January and 75.8 a year ago.
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on William Pulte’s confirmation by the full Senate to serve as Director of the Federal Housing Finance Agency (FHFA).
“New home purchase activity strengthened in February, in line with seasonal patterns, as higher housing inventory and declining rates supported growth.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
The Mortgage Bankers Association Builder Application Survey (BAS) data for February 2025 shows mortgage applications for new home purchases decreased 6.9% compared from a year ago.
Optimal Blue, Plano, Texas, recorded a 7% month-over-month increase in mortgage lock volume in February, largely driven by strong refinance activity.
First-time homebuyers are the foundation of a lender’s long-term success, writes Down Payment Resource’s Rob Chrane. But how many first-time buyers are actually entering the market? And are lenders misjudging their presence based on the data they rely on?
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Mortgage applications increased 11.2% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 7, 2025.
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on Andrew Hughes’ nomination to serve as Deputy Secretary at the Department of Housing and Urban Development (HUD).
