BREAKING NEWS
Lower Mortgage Rates Boost MBA PAPI Index
Homebuyer affordability improved for the second straight month in July, with the national median payment applied for by applicants decreasing to $1,844 from $1,893 in June, the Mortgage Bankers Association reported Wednesday.
Pending home sales fell for the eighth time in nine months, the National Association of Realtors reported Wednesday, with all four regions seeing double-digit year over year decreases.
Black Knight, Jacksonville, Fla., said foreclosure starts fell in July and remain well below pre-pandemic levels, while early-stage delinquencies edged up.
ATTOM, Irvine, Calif., reported 2.39 million mortgages secured by residential property in the second quarter, down 13 percent from the first quarter—the fifth quarterly decrease in a row—and down 40 percent from a year ago—the biggest annual drop since 2014.
Mortgage applications fell for the third straight week, remaining at their lowest level in 22 years, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending August 19.
The MBA Opens Doors Foundation announced it has helped more than 10,000 families with mortgage and rental assistance since its Home Grant Program launched in 2012.
MBA Education recently launched the AMP Credly Badge, a digital badge for mortgage professionals who have earned the Accredited Mortgage Professional (AMP) designation.
MBA CONVERGENCE presents the next in its webinar series, What Does it Cost to Produce a Unit of Housing? Costs & Elements of Production, on Thursday, Aug. 25 from 2:00-3:00 p.m. ET.
Mesa West Capital, Los Angeles, provided $139.8 million in first mortgage debt for Terracina Apartments, a 386-unit multifamily property in Broomfield, Colo.
While profit margin compression impacts all lenders, smaller lenders often feel the impact more significantly. These lenders may not have the same resources or volume to bear the impact of squeezed profit margins. The question is, in the face of these obstacles, how can mortgage lenders successfully navigate the margin compression and market volatility wave?
After the death of George Floyd in 2020, many banks and mortgage companies announced commitments to social justice and addressing the persistent homeownership gaps in this country. SPCPs, despite the challenges, can be an effective tool for addressing the gap.
While being data-driven is an important milestone for many, it’s time to move forward to the next destination on this digital journey. Let’s talk about making the jump from data-driven decision-making to model-driven decision-making.
The MISMO Fall Summit takes place Aug. 29-Sept. 1 at the Fairmont Georgetown Hotel in Washington, D.C.
