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Volume 23 Issue 29

Monday, February 12, 2024

MBA: Mortgage Credit Availability Increased in January

Mortgage credit availability increased in January, according to the Mortgage Credit Availability Index, a Mortgage Bankers Association report that analyzes data from ICE Mortgage Technology.

MBA Advocacy Update: House Trigger Leads Bill Introduced; Broeksmit Defends IMBs; MBA Letters to FCC and FTC

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

MBA Chart of the Week: Delinquency Rates by Loan Type

According to the latest MBA National Delinquency Survey, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.88 percent of all loans outstanding at the end of the fourth quarter.

MBA VIDEOS

MBA Eye on Washington

MBA Eye on Washington

Princess Mackie Buys a House Visits a New Orleans Elementary School

Princess Mackie Buys a House Visits a New Orleans Elementary School

MBA Research Minute

MBA Research Minute

mPower Moments: Serving Diverse Communities with CNB’s Dr. Vanessa Montañez

mPower Moments: Serving Diverse Communities with CNB’s Dr. Vanessa Montañez

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TOP NATIONAL NEWS

House Introduces ‘Abusive’ Trigger Lead Ban Bill, MBA Announces Support
Bob Broeksmit: Playing to your Strengths in Business and on Capitol Hill
Modest Uptick in Mortgage Delinquencies Seen in Q4 2023
House Democrats Poke the NIMBY Bear With 2024 Housing Push
Empty Office Buildings Litter Cities, But Real Estate Expert Says Expect Change Soon
Cash-Flush Buyers Dip Into Distressed Commercial Real Estate
Slight Improvement in Bank HELOC Trends
Appraisals Fail Many Sellers

MBA NEWS

MBA’s Mid-Winter Housing Finance Conference March 10-13
March 19-20, 2024: MBA National Advocacy Conference
MBA Legal Issues and Regulatory Compliance Conference May 5-8
MBA Education Advantage: Learn for Less

Quote: Feb. 12, 2024

"There was a slight increase in credit availability in January, driven by a greater number of conventional loan program offerings. However, overall credit availability remained close to 2012 lows, and the conventional index was close to its record low in the series dating back to 2011." --Joel Kan, MBA’s Vice President and Deputy Chief Economist

Deadline Extended: Nominate Someone for an MBA NewsLink Tech All-Star Award

The deadline for the MBA NewsLink 2024 Tech All-Star Awards nomination period has been extended to Feb. 15. There is no entry fee.

February 14, 2024

Vaultedge’s Murali Tirupati: Decoding the 6% Rate Predictions

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The beginning of a new financial year is usually a time for crystal balling--looking at past trends and trying to foresee what lies ahead.

February 12, 2024

NAHB/Wells Fargo: Housing Affordability Nears Historic Low

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Mortgage rates that hit a 20-plus-year high during the fourth quarter and elevated construction costs pushed housing affordability to nearly its lowest level in years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.

February 12, 2024

People in the News, Feb. 13, 2024

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Personnel news from Dark Matter, Fairway Independent Mortgage, Mortgage Cadence, Rocket Cos. and Click n' Close.

February 09, 2024

Mortgage Action Alliance Call to Action–Urge Elected Officials to Cosponsor H.R. 7297 & S. 3502

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The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action on Thursday, encouraging readers to urge their members of Congress to cosponsor H.R. 7297 and S. 3502.

February 09, 2024

Faith Schwartz and Stuart Quinn From Housing Finance Strategies: Delivering Support Through Homeowners Assistance Fund

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Nearly three years after the Homeowners Assistance Fund was created, Faith Schwartz and Stuart Quinn from Housing Finance Strategies take stock of the different programs and where dollars were leveraged to address hardship during the pandemic and after.

March 11, 2024

March 19-20, 2024: MBA National Advocacy Conference

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MBA’s National Advocacy Conference is the only advocacy event focused solely on real estate finance issues.

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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

Senior Advertising & Editorial Specialist: Emani Curry | 202/557-2774
Advertising Opportunities: Bill Farmakis | 203/834-8832