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.
Category: News and Trends
Quote
“The slide in purchase applications for new homes – now down for the fourth consecutive month and 16 percent lower than a year ago – is consistent with data on declining homebuilder sentiment and slowing permitting activity for new construction.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA Home For All Pledge Partner: SimpleNexus
SimpleNexus, an nCino Company, is an award-winning developer of mobile-first technology for the modern mortgage lender founded in 2011.
MBA Builder Applications Survey Falls for 4th Straight Month
The Mortgage Bankers Association Builder Applications Survey reported mortgage applications for new home purchases in July fell by 16.1 percent from a year ago, marking the fourth consecutive monthly decrease.
MBA Advocacy Update Aug. 22 2022
On Wednesday, FHFA and Ginnie Mae jointly released their long-awaited final capital, liquidity, and net worth requirements for sellers and servicers of loans backed by the GSEs and Ginnie Mae issuers. Also last week, the author of legislation in California (SB1323), that would have created a byzantine new foreclosure process for residential properties that have more than 10% equity withdrew his bill from Assembly floor consideration.
MBA Chart of the Week Aug. 19 2022: IMB Average Quarterly Production Profits
This week’s MBA Chart of the Week illustrates the average historical pre-tax production profits for each respective quarter of the year, from Q3 2008 to Q2 2022. These historical quarterly averages are then compared to the most current net production profit corresponding to that quarter.
MBA Premier Member Profile: Ascent Software Group LLC
Ascent Software Group LLC provides the Jaro suite of appraisal tools. Ascent brings changes to the valuation process through automation and deep integration to the entire end to end workflow. At Jaro, we build more than tech—We forge connections.
Ken Flaherty of Curinos: Five Ways to Benefit from a Home Equity Comeback
Regardless of the reasons, the one thing that is clear is homeowners who took advantage of the historical low-rate mortgage environment should be prime targets for new home equity acquisitions.
MBA Education Launches AMP Credly Badge
MBA Education recently launched the AMP Credly Badge, a digital badge for mortgage professionals who have earned the Accredited Mortgage Professional (AMP) designation.
MBA CONVERGENCE Webinar Aug. 25: What Does It Cost to Produce a Unit of Housing?
MBA CONVERGENCE presents the next in its webinar series, What Does it Cost to Produce a Unit of Housing? Costs & Elements of Production, on Thursday, Aug. 25 from 2:00-3:00 p.m. ET.