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Volume 23 Issue 134

Thursday, July 11, 2024

MBA-Recommended 203(k) Program Changes Adopted by HUD

HUD released an updated set of policies for its 203(k) Rehabilitation Mortgage Insurance Program, including a number of recommendations the Mortgage Bankers Association had suggested in a Jan. 3 letter.

MBA, ABA Respond to CFPB’s Mortgage Servicing Proposal

The American Bankers Association and Mortgage Bankers Association issued the following joint statement in response to the Consumer Financial Protection Bureau’s proposed rule, Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties; Regulation X:

Mortgage Credit Availability Increased in June

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

MBA VIDEOS

MBA Eye on Washington

MBA Eye on Washington

MBA Research Minute

MBA Research Minute

MBANow: DEI Update with Amber Lawrence

MBANow: DEI Update with Amber Lawrence

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

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TOP NATIONAL NEWS

RegFi Podcast: Technological Innovation in the Mortgage Industry
Mortgage Refinance Demand Drops Further, Despite Homeowners Sitting on $17 Trillion in Equity
Will Mortgage Rates Fall After the July Fed Meeting? Here’s What Some Experts Expect
The U.S. Housing Slump Deepened This Spring. Where Does That Leave Home Shoppers and Sellers?

MBA NEWS

Loan Servicing Transfers That Deliver Results: July 11
July 31: State Relations Committee Quarterly Call

Quote: July 11, 2024

“We support FHA’s enhancements to its 203(k) program and commend them for including many of the recommendations we highlighted in our January 2024 letter, including increasing the rehabilitation disbursement cap to $75,000 on a nationwide basis for the Limited program, and extending completion timelines to better reflect current market conditions and ensure projects are completed.” --MBA Senior Vice President of Residential Policy Pete Mills

Clever Real Estate: 98% of Gen Z Sees Significant Barriers to Home Ownership

Clever Real Estate, St. Louis, found that 60% of Gen Z worries they will never own a home.

July 10, 2024

ACES Quality Management Sponsored Content–Quality (E)valuations: Ensuring Appraisal Integrity through QC

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In today’s mortgage market, fostering a quality-centric culture and leveraging advanced technology are crucial for ensuring appraisal integrity and accuracy.

July 10, 2024

MBA Agrees with Fed Chair Powell on the Need to Re-Propose Basel III Endgame

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MBA’s President and CEO, Bob Broeksmit, CMB, issued a statement regarding Federal Reserve Chairman Jay Powell’s comments on the Basel III Endgame Proposal before the Senate Banking Committee:

July 10, 2024

Mortgage Cadence’s Monika Bhatla: The Importance of Strategic Testing Alignment

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Ask any software development quality assurance executive about the importance of testing. They’ll talk about the four pillars of a good testing infrastructure (functional testing, automation testing, repeatability testing and performance testing) and about the new software testing rigs that are making this analysis easier.

July 10, 2024

MBA: Mortgage Applications Decrease in Latest Weekly Survey

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Mortgage applications decreased 0.2 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Applications Survey for the week ending July 5, 2024.

July 10, 2024

Mark Fleming From First American: Affordability Crunch Unlikely to Change Soon

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Apart from the fall of 2023, affordability in May reached its lowest level in over three decades. On a year-over-year basis, affordability declined by nearly 9%.

July 10, 2024

DEI Leadership Awards: Success Stories from Past Winners Webinar July 11

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Annually, the Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in Diversity, Equity, and Inclusion (DEI) internally through market outreach efforts.

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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