BREAKING NEWS
Applications Down Slightly in MBA Weekly Survey
Mortgage applications fell for the first time in four weeks, albeit slightly, as the 30-year fixed rate held at a record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 24.
he Senate yesterday confirmed Dana Wade as FHA Commissioner by a 57-40 vote. The Mortgage Bankers Association strongly supported Wade’s nomination.
On today’s Walker Webcast, Walker & Dunlop Chairman and CEO Willy Walker will be joined by Mortgage Bankers Association President & CEO Bob Broeksmit, CMB; Doug Bibby of the National Multi-Housing Council; and Jeff DeBoer of the Real Estate Roundtable to discuss the next $1 trillion+ stimulus bill being crafted on Capitol Hill and its impact on the multifamily, mortgage and commercial real estate industries.
The Standard & Poor’s CoreLogic Case-Shiller Home Price Indexes reported modest home price increases in May, showing a stable trend amid recent market volatility.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 6 basis points to 7.74% of servicers’ volume as of July 19, from 7.80% the prior week. MBA now estimates 3.9 million homeowners are in forbearance plans.
Charlotte, Austin and Denver have the fastest-growing number of science, technology, engineering and math jobs, which analysts expect will see renewed importance in the post-COVID economy.
The Conference Board, New York, said its Consumer Confidence Index fell for the third time in four months in July, amid growing concerns over the resurgence of COVID-19 nationwide.
Communication is the backbone of our business and personal lives. And if we can understand the power of positive communication a little better, and work to harness the power that communication can provide, we can all be a little more productive, more informed and more successful in achieving our goals.
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
MBA NewsLink interviewed Keith Banhazl, Victor Calanog and Nick Levidy from Moody’s, New York.
Many of the industry’s efficiency experts have long argued that a digital mortgage can save all parties time and money. In the past, however, there were too many downstream issues that blocked the process from full-scale adoption. But with shelter in place, safer at home and social distancing all coming into play, the pandemic has led to a renewed push to get a completely digital mortgage as the new way to close all your loans.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 6 basis points to 7.74% of servicers’ volume as of July 19, from 7.80% the prior week. MBA now estimates 3.9 million homeowners are in forbearance plans.
Newmark Knight Frank, New York, closed $61.5 million in industrial and retail property sales.
