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Volume 23 Issue 130

Friday, July 05, 2024

MBA Advocacy Update: MBA-Opposed Residential PACE Bill Signed by Governor DeSantis

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

MCT Finds 8% Mortgage Lock Volume Decrease

Mortgage Capital Trading, San Diego, found a decrease of 7.84% in mortgage lock volume in June compared to May.

Dealmaker: Dwight Capital & Dwight Mortgage Trust Finance $358M Over Multiple Transactions

Dwight Capital, New York, and its affiliate REIT, Dwight Mortgage Trust, closed $357.4 million in a number of transactions in May.

MBA VIDEOS

MBA Eye on Washington

MBA Eye on Washington

mPower Moments: On the Power of Collaboration with HomeFree USA’s Marcia Griffin

mPower Moments: On the Power of Collaboration with HomeFree USA’s Marcia Griffin

MBA Research Minute

MBA Research Minute

MBANow: DEI Update with Amber Lawrence

MBANow: DEI Update with Amber Lawrence

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TOP NATIONAL NEWS

This Is the Most Overvalued Housing Market in the US
Mortgage Borrowing Slows for First Time in Four Weeks
Mortgage Rates Rise on Economic Uncertainty
U.S. Mortgage Rates Push Back Above 7%, Slowing Financing Activity
Apartments Are Growing in Size. Here’s Where They’re Largest.
More Data Centers, Please!

MBA NEWS

New Date: Real-World Artificial Intelligence, The TRUE Story, Nov. 7
Aug. 20: Benchmarking & Performance Ratios Mortgage Bankers Must Know

Quote: July 5, 2024

"If the upcoming Nonfarm Payroll Report and Consumer Price Index continue to align with predictions, and these economic indicators continue to show progress, we could see one or two rate cuts by the end of the year." --MCT Senior Director and Head of Trading Andrew Rhodes

MBA Thanks Princess Mackie Book Challenge Participants

MBA launched the Princess Mackie Book Challenge to promote financial education and develop new tools to help children and families learn more about homeownership. This week, MBA would like to highlight CrossCountry Mortgage, Cleveland, and Ally Bank, Detroit.

July 03, 2024

Mortgage Applications Decrease in Latest MBA Weekly Survey

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Mortgage applications decreased 2.6% from one week earlier, according to the Mortgage Bankers Association’s Weekly Applications Survey for the week ending June 28, 2024.

July 08, 2024

MISMO Publishes Revision to the IRS Form 4506-C Dataset

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MISMO, the real estate finance industry's standards organization, published an update to the previously-published IRS Form 4506-C dataset.

July 03, 2024

ServiceLink’s Miriam Moore and Eva Tapia: The Auction Effect is Becoming More Mainstream. What You Need to Know

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Widespread inventory shortage has piqued the interest of mainstream buyers who are now pursuing auction properties as a means to fulfill their dream of homeownership.

July 03, 2024

Gen-AI and Mortgage Lending–All Hype or All Real? Francesco Paola From Mozaiq.ai

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The moral of the story: there are use cases in mortgage fulfillment and servicing where Gen-AI delivers tangible benefits without compromising security, accuracy, and the lender’s reputation; one can trust, but one must verify.

July 08, 2024

July 11: MBA Member Demo Days–RegTech for Mortgage Lenders and Servicers

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MBA regularly hosts Member Demo Days, afternoons of specialized programming, live demos and Q&A. Open to all MBA members at no charge, Member Demo Days conveniently provide today's latest technology solutions to help you face operational challenges.

July 03, 2024

People in the News, July 5, 2024

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Industry personnel news from Down Payment Resource, the Federal Reserve Bank of Atlanta and Westcor Land Title Insurance Co.

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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