“For the first time since inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points. The rapid rise in mortgage rates over a relatively short period of time, combined with extremely low housing inventory and affordability challenges, meant that both purchase and refinance volume plummeted. The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan.” --Marina Walsh, CMB, MBA Vice President of Industry Analysis.

HUD extended the public comment date for its Affirmatively Furthering Fair Housing proposed rule by 14 days, to April 24, per a notice in the Federal Register.

Randolph is a senior director in Freddie Mac’s Single-Family business where she leads a team tasked with ensuring industry software providers and lenders are optimizing the use of Freddie Mac’s digital tools and capabilities. She’s also an MBA NewsLink 2023 Tech All-Star Award recipient. 

Rob Chrane has spent 15 years (half of his career) developing technology that can be used by anybody online for free to search 2,100+ down payment assistance programs for extra cash to get into their home. That should help lenders qualify more buyers (making them an even more indispensable resource), and more buyers move forward into homeownership.