BREAKING NEWS
Interest Rates Rise 10th Straight Week in MBA Weekly Survey
Mortgage rates rose for the 10th consecutive week, driving mortgage applications to another 25-year low, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 21.
Tuesday’s reports confirm a steady, even “forceful” deceleration in home prices.
The Conference Board, New York, reported its Consumer Confidence Index fell in October after back-to-back monthly gains. The Index fell to 102.5, down from 107.8 in September.
Real Capital Analytics, New York, reported U.S. commercial property price growth slowed in September to the weakest rate seen since early 2021.
NASHVILLE – The MBA Opens Doors Foundation announced recipients of its annual awards, which recognize those who have made lasting contributions to advance the Foundation's mission of providing mortgage and rental assistance to families with critically ill or injured children.
NASHVILLE—The Mortgage Bankers Association Political Action Committee, MORPAC, presented Eddy Perez, CMB, President and CEO of Equity Prime Mortgage, Atlanta, with the 2022 Schumacher-Bolduc Award.
NASHVILLE—All professionals face challenges in the workplace, but executive coach Nichole Provonchee says decades of research by academics and her own research shows women face specific challenges more often than their male counterparts.
Dwight Capital, New York, provided a $36 million HUD 223(f) loan for Villas of Capri, a 235-unit affordable apartment community in Naples, Fla.
Megan Booth joined the Mortgage Bankers Association’s Commercial/Multifamily Department as Associate Vice President of Commercial/Multifamily Policy.
NewDay USA, Fulton, Md., is expanding and taking occupancy with 250 employees in the top two floors of 360 Rosemary, a 20-story, 297,000-square-foot office building in West Palm Beach, Fla.. In addition, the company is in negotiations with Related Co. to relocate its Maryland-based headquarters to West Palm Beach.
NASHVILLE—“The most valuable place is up front, but it comes with a cost,” said Dethra Giles, CEO of ExecuPrep, Atlanta.
NASHVILLE—The Mortgage Bankers Association’s Annual Convention & Expo concludes Wednesday with a final session.
