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Volume 22 Issue 219

Wednesday, November 08, 2023

MBA Issues Statement on FHFA’s Review of the Federal Home Loan Bank System

Pete Mills, Senior Vice President of Residential Policy and Strategic Industry Engagement at MBA, issued the following statement regarding the release of the Federal Housing Finance Agency’s review of the Federal Home Loan Bank System.

MBA Weekly Survey Nov. 8: Mortgage Applications Increase

Mortgage applications increased 2.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 3, 2023.

CBRE: Multifamily Rental Growth Slows in Q3

CBRE, Dallas, found that average multifamily rent growth slowed to 0.7% year-over-year in the third quarter amid an influx of deliveries of new units.

MBA VIDEOS

MBA Path to Diversity Scholarship Program

MBA Path to Diversity Scholarship Program

MBA Eye on Washington

MBA Eye on Washington

MBA Research Minute

MBA Research Minute

mPower Moments: On Leading with Kindness with Mortgage Connect’s Cristy Ward

mPower Moments: On Leading with Kindness with Mortgage Connect’s Cristy Ward

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TOP NATIONAL NEWS

Opinion: Bank Capital Requirements Would Put Squeeze on Mortgage Market
Waters Are Rising for Some Borrowers
Lenders Aren’t Targeting Right Customers for New Loans, ICE Says
This Is the Least Affordable Housing Market Since 1984. It’s Getting Worse
Property Taxes Have Been Rising. Here’s What It Means for Housing
MMI Sees Dramatic Spike In Mortgage Help
Signature Loan Sale Likely to Lower Commercial-Property Values
Companies Are Buying Stakes in Your Home’s Value—Then Turning Them Into Bonds

MBA NEWS

Nov. 13-14: Build Your MISMO Muscles and Accelerate the Industry’s Digital Future at Boot Camp
Register by Dec. 11 to Save: MBA Independent Mortgage Bankers Conference, Jan. 22-24
MBA Servicing Solutions Conference & Expo in Orlando Feb. 20-23, 2024
Upcoming MBA Education School of Mortgage Banking Courses

Quote: Nov. 8, 2023

“MBA is disappointed that the report fails to engage in a more meaningful examination of the potential benefits of diversifying the FHLB system through the expansion of membership to other critical providers of mortgage origination, servicing, and investment activities," --Pete Mills, Senior Vice President of Residential Policy and Strategic Industry Engagement at MBA

MBA: Commercial/Multifamily Borrowing Down 49% in Third Quarter

Commercial and multifamily mortgage loan originations were 49% lower in the third quarter of 2023 compared to a year ago, and decreased 7% from the second quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

November 07, 2023

Redfin: Record Share of Home Sellers Drop Asking Prices

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Nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, on average, the highest portion on record, according to Redfin, Seattle.

November 09, 2023

Planet Home Lending’s Chris Joles: Climate Risk and Impending Alterations in Hazard Insurance and the Subsequent Impact on Mortgage Banking

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As extreme weather events become the status quo from the coasts to the heartland, it's essential to understand their affects on the housing market. Find out how climate conditions are reshaping the market for lenders, investors and homeowners.

November 07, 2023

Industry Briefs Nov. 8, 2023

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Industry news from FHA, CoreLogic, LenderLogix, Down Payment Resource, Ncontracts, findCRA and FormFree.

November 08, 2023

TRUE’s Ari Gross: Inside the AI Eye: How Machines Accurately Read Borrower Documents

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We continually hear about advances in artificial intelligence (AI) the changes to how we live and work. The technology has evolved so much it’s now used for highly complex, more “human” tasks: writing, illustrating, driving a car, even delicate surgery.

November 20, 2023

Nov. 21: NMLS Mortgage Call Report (MCR) Version 6 – What You Need to Know

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The implementation of the NMLS Mortgage Call Report carries with it many changes for all MCR filers. Preparing to implement MCR Version 6 on a short timeline is an enormous challenge. Join MBA Education and industry experts from the Conference of State Bank Supervisors for tips and best practices for implementation.

November 06, 2023

ICE Mortgage Monitor: Affordability Continues to Weigh on Market

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Intercontinental Exchange, Atlanta, released the November 2023 Mortgage Monitor Report, highlighting that high interest rates continue to drag down affordability and dampen demand.

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