BREAKING NEWS
MBA Nominates Lennar's Laura Escobar as 2023 Vice-Chair; MBA Builder Applications Survey
The Mortgage Bankers Association nominated Laura Escobar, President of Lennar Mortgage, Miami, to serve as its Vice Chair for the 2023 membership year. She is expected to be installed at the association’s 109th Annual Convention in Nashville, Tenn., this October.
May mortgage applications for new home purchases fell by 4 percent from April and by 5 percent from a year ago, the Mortgage Bankers Association reported Thursday.
Commercial/multifamily mortgage debt outstanding increased by $74.2 billion (1.8 percent) to record levels in the first quarter, the Mortgage Bankers Association reported Thursday in its quarterly Commercial/Multifamily Mortgage Debt Outstanding Report.
Following weeks of gloomy economic news and rising inflation, the Federal Open Market Committee pulled out nearly all the stops on Wednesday, hiking the federal funds rate by 75 basis points for the first time in nearly 30 years.
Redfin, Seattle, reported single-family rental real estate investors purchased fewer houses in the first quarter than in prior quarters.
The National Housing Conference announced its 2022-23 Board of Governors, led by longtime member and first-time Chair Steve O’Connor, Senior Vice President for Affordable Housing Initiatives with the Mortgage Bankers Association.
Walker & Dunlop, Bethesda, Md., structured $47 million in financing to develop The Line, a 219-unit Class A multifamily property in Savannah, Ga.
Planet Home Lending LLC, Meriden, Conn., hired Kathryn Edelen as Regional Vice President of Sales. She will manage the Eastern U.S. for Planet and will focus on capturing market share through addition of branches and mortgage loan originators.
Mortgage applications rose for the first time in five weeks, even as interest rates jumped to the highest level since 2008, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 10.
MBA CONVERGENCE presents a timely webinar, Understanding and Serving Today's Buyer, on Thursday, June 23 from 3:00-4:00 p.m. ET.
Bruno Pasceri is President of Incenter LLC, Fort Washington, Pa., which helps mortgage bankers optimize processes and improve performance.
Buying (and now owning) a home can be a challenging endeavor. Our journey started with a year-long search for the right home. We then went through a stressful six-month renovation. And as sticker shock set in, we ended up needing to take out a HELOC to pull it all off. It was by far the biggest investment I’ve made in my life so, of course, the experience had its ups and downs.
The MBA Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
