Skip to content

Volume 22 Issue 129

Monday, July 10, 2023

MBA Advocacy Update July 10, 2023

This week’s top legislative and policy news from the Mortgage Bankers Association.

MBA Chart of the Week July 10, 2023

The U.S. Census Bureau released updated construction spending survey data. Also referred to as the Value of Construction Put in Place, the survey covers all private residential construction and improvements, non-residential construction, and public construction.

Economy Adds 209,000 Jobs in June

Nonfarm employment increased by 209,000 in June, but the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported Friday.

MBA VIDEOS

MBA Eye on Washington

MBA Eye on Washington

mPower Moments: On the Importance of Collaboration with Citizens Bank’s Deb Jones

mPower Moments: On the Importance of Collaboration with Citizens Bank’s Deb Jones

MBANow on Black Knight’s CMB Mentorship Program

MBANow on Black Knight’s CMB Mentorship Program

MBA Research Minute

MBA Research Minute

View in Browser >

TOP NATIONAL NEWS

Elevated Mortgage Rates are Leading to Sharply Higher Monthly Payments Even as Home Prices Ease
Correspondent Channel Share Grows in FHA/VA Market
Morningstar Makes a Bold Call that Housing Market Affordability Will be Restored by 2025. Here’s How
Wave of Rental Resets to Further Deplete Affordable Housing
The Money-Saving Mortgage That Isn’t Working Right Now
The ‘Whisper Listing’ Gets Louder
More Local Approach May Improve Home Price Analyses, FHFA Says
The Housing Market Enters a Summer Loop-de-Loop
U.S. Mortgage Rates Rise to 6.81%, Highest Level This Year, Freddie Mac Says

MBA NEWS

Starts Tomorrow: Introduction to Mortgage Banking Online
July 13: CMB Technology Committee Quarterly Webinar: Accelerating the Future of Lending with eClosing

Quote: July 10, 2023

“Job gains slowed in June and estimates of growth were reduced for the prior two months. Although the unemployment rate dropped a tenth, the household survey did show some signs of a weaker market, with the U-6 increasing." --MBA Senior Vice President and Chief Economist Mike Fratantoni

Fannie Mae: Consumer Confidence in Housing Flat in June

Fannie Mae released its Home Purchase Sentiment Index for June, notching an only 0.4 point increase to 66 as supply and economic constraints continue to weigh heavily on American homebuying.

July 07, 2023

MBA Premier Member Profile: Lenders One

https://newslink.mba.org/wp-content/uploads/2021/11/LendersOneLogo120.jpg

One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.

July 07, 2023

First American’s Mark Fleming: Why Higher Mortgage Rates Don’t Always Lead to Declining House Prices

https://newslink.mba.org/wp-content/uploads/2023/07/Fleming_Mark_First_American.png

House prices have remained resilient, even in the face of fast-rising mortgage rates. That’s because the relationship between rising mortgage rates and home prices may not be as straightforward as many believe.

July 07, 2023

MBA Education Path to Diversity Scholar Profile: Nicole Savage

https://newslink.mba.org/wp-content/uploads/2023/07/Savage_Nicole__Cenlar-100-120.jpg

MBA NewsLink interviewed Nicole Savage, Business Control Director at Cenlar, about her experience with the MBA Path to Diversity Scholarship Program.

July 07, 2023

Industry Briefs July 7, 2023

https://newslink.mba.org/wp-content/uploads/2022/04/Briefs120.jpg

Industry briefs from DocMagic, LenderLogix and NewDay USA.

July 07, 2023

Mark P. Dangelo: In an AI Reimagined Financial World, It Begins with the Consumer (Part 3)

https://newslink.mba.org/wp-content/uploads/2019/11/DangeloMark2019.jpg

Sustainable customer-centric AI for BFSI industry operations requires not just quality data and system interoperability—it demands shifts in mindsets. AI’s implementation must be preceded by a quantum shift of design thinking lead by altered strategy approaches, which move beyond FinTech and RegTech traditional solutions.

July 07, 2023

Be a DEI Champion: Deadline Aug. 4

https://newslink.mba.org/wp-content/uploads/2021/07/DEIAwardsLogo120.jpg

MBA's Diversity, Equity and Inclusion Leadership Awards recognize leading organizations who are exhibiting exemplary leadership through their impactful DEI efforts. Applications are due by August 4 at 5:00PM ET.

CLICK HERE FOR PRIOR ARTICLES

ABOUT MBA NEWSLINK

MBA NewsLink, a daily electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information click here

If this email has been forwarded to you, please visit our website to subscribe.

The links at the end of each abstract are to the publisher, publication, or article. Some links may require registration or subscription

One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at our website.

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Michael Tucker | 202/557-2851

Editorial Manager: Anneliese Mahoney | 202/557-2938

Senior Advertising & Editorial Specialist: Emani Curry | 202/557-2774
Advertising Opportunities: Bill Farmakis | 203/834-8832