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.
Category: News and Trends
FHFA Proposes 2023-2024 Fannie Mae, Freddie Mac Multifamily Housing Goals
The Federal Housing Finance Agency on Tuesday proposed new benchmark levels for Fannie Mae and Freddie Mac multifamily housing goals in 2023 and 2024.
July Housing Starts Take Sharp Hit
It already hasn’t been a good week for housing. On Monday, the National Association of Home Builders reported its Housing Market Index fell for the eighth straight month to two-year low. And on Tuesday, HUD and the Census Bureau reported housing starts fell in July by nearly double digits to its slowest pace since 2020.
Dealmaker: Mesirow Leads $275M Financing for NASA’s Washington, D.C. Headquarters
Mesirow Financial Holdings, Chicago, led the $275 million refinancing of NASA’s headquarters at 300 E Street SW in Washington, D.C.
Zillow: Lowest-Priced Homes Attract Strongest Competition
As home-buying demand cools from last year’s record pace, competition is now hottest for the lowest-priced homes as affordability obstacles stretch buyers’ budgets, said Zillow, Seattle.
Just Announced: ‘Coach K’ to Keynote MBA Annual22
Using insights, inspirations and proven principles he has applied to his legendary teams and coaching career, Mike Krzyzewski (Coach K) sits down with 2023 MBA Chairman Matt Rocco to discuss clear, passionate guidelines on reaching for and achieving success at the MBA Annual Convention & Expo on Tuesday, Oct. 25.
Chris Sabbe of PHH Mortgage on the Subservicing Industry
Chris Sabbe is Senior Vice President of Enterprise Sales for PHH Mortgage. A recognized leader in the subservicing industry, he is responsible for managing and growing the company’s enterprise sales and actively onboarding new MSR/Co-Issue sellers.
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“Home purchase applications continued to be held down by rapidly drying up demand, as high mortgage rates, challenging affordability and a gloomier outlook of the economy kept buyers on the sidelines.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
July Mortgage Loan Forbearance Rate Falls to 0.74%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 7 basis points to 0.74% of servicers’ portfolio volume as of July 31, from 0.81% in June. MBA estimates 370,000 homeowners remain in forbearance plans.
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.