BREAKING NEWS
MBA Sees 1.6% Increase in 2020 Mortgage Originations
AUSTIN, TEXAS--The Mortgage Bankers Association expects purchase originations to increase by 1.6 percent to $1.29 trillion in 2020.
AUSTIN, TEXAS--In today’s increasingly polarized and volatile political climate, most trade associations might avoid having pundits such as conservative-leaning former New Jersey Gov. Chris Christie and liberal-leaning former Virginia Gov. Terry McAuliffe share the same stage. To which the Mortgage Bankers Association says, “hold my beer.”
AUSTIN, TEXAS--The Mortgage Bankers Association recognized five member companies for its 2019 Diversity and Inclusion Residential Leadership Awards.
Ahead of a markup vote scheduled this week in the House Financial Services Committee, the Mortgage Bankers Association sent an Oct. 29 letter to Committee members urging approval of a bill that would extend the Terrorism Risk Insurance Act for seven years.
AUSTIN, TEXAS--The MBA Opens Doors Foundation announced its 2019 annual awards, which recognize those who have made lasting contributions to advance the Foundation's mission of providing mortgage and rental assistance grants to parents and guardians caring for critically ill or injured children.
AUSTIN, TEXAS--The Mortgage Bankers Association Political Action Committee (MORPAC) awarded Mike Heagerty, CCMS, Principal & CFO of Newmark Realty Capital, with the 2019 Schumacher-Bolduc Award here at the association's 2019 Annual Convention and Expo.
AUSTIN, TEXAS--The Mortgage Bankers Association recognized 72 mortgage professionals--37 from the residential sector and 35 from the commercial/multifamily sector--in a graduation ceremony for the MBA Future Leaders Program here at the association’s 2019 Annual Convention & Expo.
Home price appreciation has accelerated across the United States, according to a new historical home price index announced by Radian Group Inc., Philadelphia. The newly released September 2019 Radian HPI data shows a 7.9 percent year-over-year increase in median values, after a 5.8 percent annualized growth rate in the second quarter.
According to data from the MBA Builder Applications Survey, new home purchase activity fell in September but remained higher than a year ago, continuing a trend where purchase demand for new homes for sale this year have consistently outpaced year ago levels.
In this ongoing article series, we report on mortgage and credit union vendor marketplace events and trends, and we then share our viewpoints. The primary theme today is the growth of a few vendors, especially in innovation and technology. We also address the age-old question of "Is bigger better?"
American technologist, artist and set designer Bran Ferren has been quoted describing technology as “something that doesn’t work yet.” I think a lot of us in the mortgage industry can relate to his description. We use technology all the time, yet technology often fails to solve our most critical problems.
