BREAKING NEWS
Applications Fall in MBA Weekly Survey
Mortgage interest rates continued to rise last week, snagging momentum for homeowners eager to refinance before rates go up further, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending February 4.
In this hyper-competitive housing environment, most home buyers who even consider themselves lucky enough to have found a home have some regrets about their purchase—and the process, said Zillow, Seattle.
The office market may be turning a corner following five consecutive quarters of negative net absorption, reported Transwestern, Houston.
The National Federation of Independent Businesses Small Business Optimism Index decreased in January amid rising concerns over inflation’s impact.
Fitch Ratings, New York, said regulatory scrutiny of servicing practices at U.S. mortgage companies is expected to increase in 2022 as pandemic-related government forbearance programs expire and borrowers transition into other permanent loss mitigation alternatives or default.
Newmark, New York, completed the $233 million sale of 1500 Locust, a 45-story mixed-use multifamily building in Center City Philadelphia.
Button Finance Inc., New York, appointed Amanda Niswonger as Senior Account Manager, focusing on developing and nurturing institutional mortgage broker relationships.
Financial executives once thought that digital transformation initiatives represented a “one-and-done” series of projects to reduce paper, improve processes, and leverage technologies. That was then. Moving forward, these financial leaders will confirm if their digital transformations were enough to succeed in the next reality—the metaverse.
Recipients receive a voucher to cover course registration fees, up to a maximum of $2,000, for popular MBA Education courses and designation programs. This education opportunity enables employees from diverse backgrounds to advance their professional growth and career development.
The Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
In this week’s MBA Chart of the Week, we updated the JOLTS monthly data series on job openings for selected industries.
The Mortgage Bankers Association’s annual Technology Solutions Conference & Expo takes place Apr. 11-14 at the Bellagio Las Vegas.
