NASHVILLE, TENN.—Mortgage Bankers Association President & CEO Bob Broeksmit, CMB, said sound risk management practices make the difference in an evolving mortgage market.
Mortgage credit availability fell for the sixth straight month in August, remaining at its lowest level in nine years, the Mortgage Bankers Association reported Tuesday.
Commercial and multifamily mortgage delinquencies declined in the second quarter, the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report said.
CoreLogic, Irvine, Calif., reported a 7.5 percent year over year decrease in fraud risk in as of the end of the second quarter.
This week’s MBA Chart of the Week highlights a question related to housing costs and inflation: If home price appreciation and rent growth have been in double digits in the past few quarters—as highlighted by the (blue lined) Zillow Observed Rent Index in the chart—why is the shelter component (orange line) of the Consumer Price Index below 6%?