MBA Advocacy Update: FHFA Proposes GSE Housing Goals; MBA Calls on CFPB to Delay Enforcement Order Database; Calif. AI News
This week’s top legislative and policy news from the Mortgage Bankers Association.
New Home Sales Rise in July
New single-family home sales were at a seasonally adjusted annual rate of 739,000, per estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development.
MBA Chart of the Week: Pre-Tax Net Production Income and Production Volume
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net profit of 17 basis points, or $693 on each loan they originated in the second quarter. according to MBA’s Quarterly Mortgage Bankers Performance Report.
