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Volume 23 Issue 161

Monday, August 19, 2024

MBA: July New Home Purchase Mortgage Applications Increased 9.4%

The Mortgage Bankers Association Builder Application Survey data for July 2024 shows mortgage applications for new home purchases increased 9.4% compared from a year ago.

MBA Advocacy Update: VP Harris Unveils Economic agenda; CFPB, FHFA, others Release Data Standards Proposal; MAA Advocacy in August Underway

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

Redfin: Investor Home Purchases Post Biggest Increase Since Q2 2022

Investor purchases of homes were up 3.4% year-over-year in Q2, per Redfin, Seattle.

MBA VIDEOS

MBANow: Marcia Davies discusses the mPowering You Summit, Oct. 26 in Denver

MBANow: Marcia Davies discusses the mPowering You Summit, Oct. 26 in Denver

MBA Eye on Washington

MBA Eye on Washington

Industry Leaders On Why You Need to Attend MBA’s Annual IMB Conference

Industry Leaders On Why You Need to Attend MBA’s Annual IMB Conference

MBA Research Minute

MBA Research Minute

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TOP NATIONAL NEWS

Mortgage Delinquencies Rise in Q2 2024
Mortgage Payments Just Got Cheaper for Home Buyers
Buying or Selling a Home? The Rules Are Changing.
Climate Disasters Are an Affordable Housing Problem
The Latest Housing Starts Data Is Mostly Bad News
Burned and Uninsured: Wildfires are Leaving California’s Housing Market in Trouble

MBA NEWS

Adding Reverse Mortgages to Your Business Line: Regulatory/Compliance Considerations: Aug. 20
Disaster Recovery: A Resource for Homeowners from MBA

Quote: Aug. 19, 2024

"Purchase applications for newly built homes increased 9 percent in July helped by sustained demand for new homes and declining mortgage rates." --Joel Kan, MBA’s Vice President and Deputy Chief Economist

MBA Chart of the Week: Early-Stage vs. Seriously Delinquent Mortgage Rates

According to the latest results from MBA’s National Delinquency Survey (NDS) released last week, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.97% of all loans outstanding at the end of the second quarter of 2024.

August 16, 2024

First American: AVMs Take Center Stage as New Rules Spotlight Performance (Sponsored Content)

New federal guidelines and changes in methodology testing are giving AVMs more attention. Learn how companies must comply with these new guidelines.

August 16, 2024

MBA: Mortgage Delinquencies Increase in Second Quarter

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The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.97% of all loans outstanding at the end of the second quarter, MBA's National Delinquency Survey found.

August 21, 2024

The Power of Investing in Public-Private Partnerships: Katelynn Harris Walker

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Navigating the complexities of financing, regulatory compliance and market dynamics in real estate finance requires more than just individual effort; it demands a robust collaborative framework. Public-private partnerships are essential to this.

August 16, 2024

ATTOM Reports Foreclosures See Monthly, Annual Increase in July

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ATTOM, Irvine, Calif., said foreclosure filings rose 15% month-over-month and a slight .2% year-over-year.

August 16, 2024

TransUnion: First-Quarter Mortgage Origination Volumes Up Slightly

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First-quarter mortgage origination volumes increased by 2% year-over-year to 915,000, according to TransUnion, Chicago.

August 16, 2024

Calling All Lenders: Join MISMO’s Inaugural Lender Forum on Aug. 27

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MISMO is hosting the first meeting of its new Lender Forum on Tuesday, August 27 at 1:30 PM ET in Reston, Va. or online via Zoom.

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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

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