Mortgage applications decreased 3.7 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 23, 2022.
Category: News and Trends
Rita Moreno Keynotes mPower Event at MBA Annual22
Rita Moreno–Academy Award-winning actress, dancer and singer and recipient of the Presidential Medal of Freedom–keynotes the mPower Event at the Mortgage Bankers Association in Nashville, Tenn.
Duwaine Thomas, Patrick Kehoe on Communicating with Customers
Duwaine Thomas is an executive consultant with Newbold Advisors, serving a portfolio of national housing finance organizations. Patrick Kehoe drives product strategy in collaboration with the product development team at Messagepoint, a provider of customer communications management software.
MISMO Call for Participants for New Commercial Community of Practice
MISMO®, the real estate finance industry standards organization, issued a call for participants for a new Commercial Community of Practice focused on monitoring commercial and multifamily industry trends and exploring potential standards for commercial and multifamily initiatives.
Sponsored Content from Boston National Title: A Better Title Solution for Increased Default Volume
While no one knows exactly what the next 12–18 months will look like, everyone can be better prepared to deal with default.
People in the News Sept. 26, 2022: Fannie Mae Names Anthony Moon EVP/Chief Risk Officer
Fannie Mae, Washington, D.C., appointed Anthony Moon as Executive Vice President and Chief Risk Officer, responsible for Fannie Mae’s Enterprise Risk Management, which oversees the company’s governance and strategy for global risk management.
Industry Briefs Sept. 26, 2022: CFPB Annual Report Shows End to Refi Boom, Rise in Home Purchase Loans
The Consumer Financial Protection Bureau released its annual report on residential mortgage lending activity and trends for 2021. The report shows a shift from refinance loans in 2020 to home purchase loans in 2021, with a greater share of home purchase loans going to Asian, Black and Hispanic white borrowers
Tony Thompson, CMB, of NAMMBA: Partnerships are More Than Just Warm and Fuzzy
“Doing” Diversity, Equity, and Inclusion (DEI) might not have been on your radar when you started working in the real estate finance industry.
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“Applications for both purchase and refinances declined last week as mortgage rates continued to increase to multi-year highs following more aggressive policy measures from the Federal Reserve to bring down inflation. Additionally, ongoing uncertainty about the impact of the Fed’s reduction of its MBS and Treasury holdings is adding to the volatility in mortgage rates.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Gaining Operational Efficiencies With Technology and Automation In a Changing Mortgage Lending Environment
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.