As the mortgage industry continues to experience substantial changes, such as rising interest rates, home affordability issues, and an influx of layoffs for mortgage professionals, the entire industry is recognizing the need to adjust its operational strategies. Mortgage professionals need to be agile, quick and flexible to keep pace with the changing market, regulatory pressures, and borrower preferences.
Category: News and Trends
MBA Home For All Pledge Partner: MGIC
(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)
Zillow: Expect a Buyers’ Market Before Year-End 2023
Sky-high mortgage costs are driving down competition among home shoppers, and a buyers’ market could emerge by year-end 2023, experts surveyed by Zillow said.
Initial Claims Fall from Last Week
Initial claims for unemployment insurance fell last week, the Labor Department reported Thursday.
MBA Opens Doors Foundation Kicks Off 2023 Fundraising Season with Nearly $2.7 Million in Donations
The MBA Opens Doors Foundation announced it received nearly $2.7 million in corporate and individual donations during its FY 2023 fundraising campaign, held September 7-8.
Dealmaker: Newmark Arranges $210M for Four citizenM Hotels
Newmark, New York, arranged a $210 million financing facility for a 904-key portfolio of four under construction and soon-to-be-delivered citizenM hotels.
Resiliency, Innovation Fueling Life Sciences Growth
Despite some short-term challenges, the life sciences sector is set for long-term gains, said JLL, Chicago.
Take Your DEI Strategy to the Next Level with MBA’s DEI Playbook
Expand or develop your organization’s Diversity, Equity and Inclusion strategy with MBA’s DEI Playbook.
ATTOM: Homeownership Still Unaffordable Across Most of U.S.
Median-priced single-family homes and condos remain less affordable in the third quarter compared to historical averages in nearly all U.S. counties, reported ATTOM, Irvine, Calif.
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“This year’s Opens Doors’ annual appeal comes at a time when the industry is managing a major shift in the market. But even amid these challenging times, the industry has stepped up to support the work of the Foundation in an extraordinary way. This strong support ensures that we will be able to help thousands of families in the coming year.”
–Debra W. Still, CMB, President & CEO of Pulte Financial Services and Chairman of the MBA Opens Doors Foundation Board of Directors.