MBA Urges NCUA to Raise Appraisal Threshold for Residential Transactions
The Mortgage Bankers Association, in a comment letter submitted yesterday to the National Credit Union Administration, said it supports NCUA’s proposal to raise the appraisal threshold for residential real estate transactions from $250,000 to $400,000.

Mortgage Applications Strong in MBA Weekly Survey
Mortgage application activity continued its strong early 2020 pace, buoyed by the lowest interest rates in more than three years, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 24.

Home Prices Post Strong Annual Gains
Standard & Poor’s, New York, reported its S&P CoreLogic Case-Shiller Home Price Indexes posted a 3.5% annual gain in November, up from 3.2% the previous month.
Consumer Confidence Picks Up
The Conference Board, New York, said its monthly Consumer Confidence Index increased for the second straight month in January.