MBA Advocacy Update Oct. 23: Federal Banking Agencies Extend Comment Period on Basel III Bank Capital Proposal
This week’s top legislative and policy news from the Mortgage Bankers Association.
MBA Chart of the Week: Annual Origination Counts
Last week at the MBA Annual Convention and Expo in Philadelphia, our Research & Economics team presented the October forecast, which showed that total mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023.
Optimal Blue: Locks Decline Due to Seasonal Purchase Declines; Rates Hit Multi-Decade Highs
Mortgage rate lock volumes declined 20% in September, largely due to a seasonal decline in purchase activity and further rising interest rates, reported Optimal Blue, Plano, Texas.
