“In a sign that borrowers are increasingly more sensitive to higher rates, large declines in government purchase applications and refinance applications pulled overall activity lower. The refinance index has now declined for two straight weeks, but is still 83 percent higher than last year. Purchase applications also decreased last week, but the impressive trend of year-over-year growth since the second half of 2020 has continued in early 2021." --Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.

Ginnie Mae reached a milestone in its Digital Collateral Program this month with issuance of the first mortgage-backed security backed by Digital Pools, consisting entirely and exclusively of eNotes.

Digital insurance agency Matic, Columbus, Ohio, and the MBA Opens Doors Foundation announced an ongoing partnership to help families with a critically ill or injured child make their mortgage or rent payment.