BREAKING NEWS
Applications Down in MBA Weekly Survey
It seemed inevitable: after a huge 55 percent jump last week—and a sharp increase in mortgage interest rates in recent days—mortgage applications really had no place to go but down this week.
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MBA President and CEO Bob Broeksmit, CMB, issued the following statement regarding response to the ongoing spread and impact of the coronavirus (COVID-19):
Builder confidence in the market for newly built single-family homes fell two points to 72 in March, the National Association of Home Builders reported yesterday.
Genworth Mortgage Insurance, Richmond, Va., reported strong first-time home buyer activity in the fourth quarter, with single-family purchase activity up by 6 percent from a year ago.
Sagent Lending Technologies, King of Prussia, Pa., appointed Dan Sogorka CEO and president, replacing Bret Leech who will become executive chairman and board member.
COVID-19’s economic impacts are only beginning to be felt in the United States, and already it’s been a wild ride.
MBA NewsLink interviewed Mortgage Bankers Association Associate Vice President of Housing Finance Policy Dan Fichtler and Associate Vice President of Commercial/Multifamily Andrew Foster about the transition away from the London Interbank Offered Rate to a successor index for floating-rate loans.
Despite falling by 1 percent from January, mortgage applications for new home purchases increased by nearly 26 percent from a year ago, the Mortgage Bankers Association reported this morning.
The Mortgage Bankers Association and nearly a dozen industry trade groups told Federal Housing Finance Agency Director Mark Calabria that Property Assessed Clean Energy programs—known as PACE programs—pose safety and soundness issues for the real estate finance industry.
The Mortgage Bankers Association, in a March 16 letter to the Office of Management and Budget, offered a series of recommendations and best practices as it considers changes to its regulatory enforcement proceedings and administrative adjudications.
