Homebuyer affordability improved for the second straight month in July, with the national median payment applied for by applicants decreasing to $1,844 from $1,893 in June, the Mortgage Bankers Association reported Wednesday.
Category: News and Trends
Jeff Jaffe of Housing Finance Strategies: Launching Special Purpose Credit Programs
After the death of George Floyd in 2020, many banks and mortgage companies announced commitments to social justice and addressing the persistent homeownership gaps in this country. SPCPs, despite the challenges, can be an effective tool for addressing the gap.
Vinny Souza of Enact Mortgage Insurance; Going Beyond Data-Driven: How Model Outputs are Future Drivers of Decision-Making
While being data-driven is an important milestone for many, it’s time to move forward to the next destination on this digital journey. Let’s talk about making the jump from data-driven decision-making to model-driven decision-making.
Michael Coar of VirPack: Successfully Navigating the Margin Compression and Market Volatility Wave
While profit margin compression impacts all lenders, smaller lenders often feel the impact more significantly. These lenders may not have the same resources or volume to bear the impact of squeezed profit margins. The question is, in the face of these obstacles, how can mortgage lenders successfully navigate the margin compression and market volatility wave?
Life Science Real Estate Poised for Growth
Despite stock market turmoil, slowing venture capital funding and interest rate volatility, life science real estate remains well-positioned for future growth, said Newmark, New York.
ATTOM: Steep Drop in Refinance Activity Drives 2nd Quarter Slump in Mortgage Lending
ATTOM, Irvine, Calif., reported 2.39 million mortgages secured by residential property in the second quarter, down 13 percent from the first quarter—the fifth quarterly decrease in a row—and down 40 percent from a year ago—the biggest annual drop since 2014.
July Pending Home Sales Down 1%
Pending home sales fell for the eighth time in nine months, the National Association of Realtors reported Wednesday, with all four regions seeing double-digit year over year decreases.
Black Knight: Foreclosure Starts Pull Back; Delinquencies Edge Higher
Black Knight, Jacksonville, Fla., said foreclosure starts fell in July and remain well below pre-pandemic levels, while early-stage delinquencies edged up.
Dealmaker: Mesa West Capital Funds $140M Loan for Colorado Multifamily
Mesa West Capital, Los Angeles, provided $139.8 million in first mortgage debt for Terracina Apartments, a 386-unit multifamily property in Broomfield, Colo.
MBA: Lower Mortgage Rates, Loan Amounts Improve July Homebuyer Affordability in 47 States
Homebuyer affordability improved for the second straight month in July, with the national median payment applied for by applicants decreasing to $1,844 from $1,893 in June, the Mortgage Bankers Association reported Wednesday.