The Mortgage Bankers Association on Monday announced a policy initiative, Building Generational Wealth Through Homeownership, aimed at providing industry leadership and direction for reducing the racial homeownership gap, developing and supporting policies that support sustainable homeownership for communities of color and promoting fair, equitable and responsible lending for minority borrowers.
The Mortgage Bankers Association’s latest Builder Applications Survey reported mortgage applications for new home purchases increased by 9 percent in August from July but decreased by 17 percent from a year ago.
Mortgage loans in forbearance fell to yet another post-pandemic low and threatened to fall under 3 percent for the first time in more than a year and a half, the Mortgage Bankers Association reported on Monday.
The National Association of Home Builders reported builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges.
It’s another busy week for housing reports—and it’s only Tuesday! Here are some reports of interest that crossed the MBA NewsLink desk: