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Volume 23 Issue 144

Thursday, July 25, 2024

MBA: Mortgage Application Payments Decreased 2.4% to $2,167 in June

Homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,167 from $2,219 in May.

MBA: Delinquency Rates for Commercial Property Loans Declined Slightly in Second Quarter of 2024

Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter of 2024.

Freddie Mac Forecasts Low Rent Growth Amid High-Supply Headwinds

Freddie Mac Multifamily, McLean, Va., expects multifamily performance to remain muted for the remainder of the year as the market works through a historically high supply of new units.

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

Mortgage Demand Drops, as Homebuyers Wait for Lower Rates
What a Destructive Hurricane Season Means for the Mortgage Industry
Fannie Mae Adjusts Home Sales Projections
Housing Market Best For Renters in These 5 Cities
America’s Smallest Apartments Are Getting Even Smaller

MBA NEWS

MBA Compliance and Risk Management Conference Sept. 22-24
New Date: Real-World Artificial Intelligence, The TRUE Story, Nov. 7

Quote: July 25, 2024

"Homebuyer affordability conditions improved for the second straight month as declining mortgage rates continue to increase purchasing power and is enticing some borrowers back into the housing market." --Edward Seiler, MBA Associate Vice President of Housing Economics and Executive Director of the Research Institute for Housing America

Nearly 1 in 4 Sellers Cut Prices as Inventory Grows: Zillow

Home listings are piling up as buyers step back from the peak of home shopping season faster than normal, according to Zillow, Seattle.

July 31, 2024

Premier Member Profile: Sagent

(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association)

July 24, 2024

Odeta Kushi From First American: The Tale of Two Markets Continues…For Now

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Even with more existing-home inventory on the market than last year, today’s potential home buyers face one of the least affordable markets in history due to record-high and still-rising home prices and elevated mortgage rates.

July 24, 2024

Mortgage Applications Decrease in Latest MBA Weekly Survey

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Mortgage applications decreased 2.2% from one week earlier, according to the Mortgage Bankers Association’s Weekly Applications Survey for the week ending July 19, 2024.

July 24, 2024

Rob Chrane & Chris Mock: Improving Affordability Despite an Uncertain Mortgage Environment

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While financial institutions face the challenge of increasing originations and balancing the risk associated with loan affordability, a data-driven approach can help lenders expand the pool of potential borrowers.

July 24, 2024

CloudVirga’s Maria Moskver Talks AI in the Mortgage Industry–An MBA Newslink Q&A

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MBA Newslink recently interviewed Maria Moskver, CEO of CloudVirga, Irvine, Calif., about a new whitepaper she worked on regarding Artificial Intelligence in the mortgage industry.

July 24, 2024

ICE First Look: Calendar-Driven Spike in Delinquencies in June; Foreclosures Remain Historically Low

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Coming off a near-record low in May--and with June ending on a Sunday--the national delinquency rate increased to 3.49%, its second-highest level in 18 months, according to Intercontinental Exchange.

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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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