Skip to content

Volume 22 Issue 196

Wednesday, October 11, 2023

MBA Weekly Survey Oct. 11: Mortgage Applications Increase

Mortgage applications increased 0.6 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 6, 2023.

Rents Largely Flat in September, RealPage, Redfin Find

According to RealPage Analytics, Richardson, Texas, and Redfin, Seattle, rents were fairly flat in September.

Voting for 2024 MBA Officers, New & Returning Directors Underway; Deadline Oct. 12

The voting period for the election of the Mortgage Bankers Association’s FY2024 officers and new and returning directors is underway. The voting ends at 5:00 p.m. E.T. on Thursday, October 12, 2023.

MBA VIDEOS

Register today and meet us at MBA Annual in Philadelphia

Register today and meet us at MBA Annual in Philadelphia

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

View in Browser >

TOP NATIONAL NEWS

Housing Trade Groups Warn Powell That Fed Policies Fuel ‘Ongoing Market Uncertainty’
U.S. Housing Industry Raises Alarm on Fed’s Monetary Policies
Residential MBS the Bright Spot in Third-Quarter Issuance
Retailers Challenged by Lack of Space, Cost of Construction
The Cost of Homeownership Spiraled Upwards Last Year. Here’s What Happened
Office Vacancies Have Soared to a 20-Year High, Showing Just How Tough It Is to Get Workers to Return
Amazon Caught Between Retail Troubles and the FTC

MBA NEWS

Oct. 24: Using Data Analysis as Part of a Strong Fair Lending Compliance Program
CONVERGENCE: Strategies for Serving Millennial and Gen Z Homebuyers Nov. 2

Quote: Oct. 11, 2023

"While most mortgage rates increased last week, rates on ARMs declined, leading to an increase in ARM volume and an increase in overall applications." --MBA Vice President and Deputy Chief Economist Joel Kan

MBA, Housing Trades Call on Fed to End Rate Hikes, Pledge Not to Sell MBS Book

On Monday, the Mortgage Bankers Association led a coalition letter sent to the Board of Governors of the Federal Reserve that conveyed the housing industry’s serious concerns about the negative market impacts the Fed’s monetary policy actions (e.g., rate hikes and quantitative tightening) are having on the market.

October 10, 2023

Sponsored Content from QC Ally: Ditch Perfection: Embrace Your Flaws to Strengthen Your QC Processes

https://newslink.mba.org/wp-content/uploads/2023/10/Donna_Gibson-100-120.jpg

The risk – and cost – associated with repurchases is a heavy burden to bear, and quality control (QC) professionals carry that weight daily. Because of this, QC teams strive for perfection, which can be a slippery slope.

October 10, 2023

Sponsored Content from SWBC: Transforming Your Contact Center for Customer Delight

https://newslink.mba.org/wp-content/uploads/2023/10/Loriot_Janet_SWBC-100-120.jpg

Empathy is the key to creating meaningful experiences for your members. Here’s why it’s important and what you can try.

October 10, 2023

Mississippi Has the Most Single Homeowners, Study Shows

https://newslink.mba.org/wp-content/uploads/2023/10/single-key-10-10-23.jpg

All Star Home, Raleigh, N.C., analyzed U.S. Census Bureau data to determine which states have the largest percentage of single homeowners--with Mississippi coming in on top and Utah with the fewest.

October 10, 2023

Cenlar’s Lori Pinto, CMB: Delivering the Best Homeowner Experience

https://newslink.mba.org/wp-content/uploads/2023/10/Pinto_Lori-Cenlar-100-120.jpg

The only constant in the mortgage marketplace has been a lot of change – and that change is happening fast. As a result, there’s been an ever-increasing demand that those of us who service home mortgages need to pivot quickly to adapt and, as always, remain committed to putting the homeowner first.

October 10, 2023

Modex’s Dale Larson III: Beyond CRA–Five Reasons the Mortgage Industry Should Leverage Data on Population Diversity, Minorities and Underserved Communities

https://newslink.mba.org/wp-content/uploads/2022/08/LarsonDaleIII120.jpg

While compliance with CRA regulations continues to be a major priority, financial institutions must recognize the importance of diversity, minority inclusion and support for underserved communities as a critical component of their overarching strategy.

October 10, 2023

Q&A: Ron Vaimberg, AMP, on Investing in LO Training vs. Cutting Staff in Market Downturns

https://newslink.mba.org/wp-content/uploads/2023/01/VaimbergRon120.jpg

We are in an unprecedented market with challenges like we’ve never seen. We have elevated rates, which we’ve obviously had before, but not with the lack of inventory that we have right now.

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