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Volume 23 Issue 129

Wednesday, July 03, 2024

Mortgage Applications Decrease in Latest MBA Weekly Survey

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.

CoreLogic: Annual Home Price Growth Up 4.9% in May

CoreLogic, Irvine, Calif., released its latest U.S. Home Price Index for May, finding home price growth was at 4.9% year-over-year.

MISMO Publishes Revision to the IRS Form 4506-C Dataset

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

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

Powell Talks Up Progress, Putting Rate Cuts Back Into View
CFPB, FHFA Release Updated Mortgage Originations Survey Data
CFPB Director Rohit Chopra on Junk Fees, The New AVM Rule and More
Economist Snapshot: What the Latest Inflation Numbers Mean for Commercial Real Estate
SFR Rent Growth Hits the Brakes
Pandemic Boom Towns Teetering on Housing Bust
A Luxury Makeover Awaits One of America’s Oldest Shopping Centers

MBA NEWS

Rethink Everything You “Know” To Be A Next Gen Loan Officer: A Webinar Series–Next Event July 9
July 18–mPact Presents: Personal vs Professional Branding
Make the Most of Your MBA Associate Membership: August 1

Quote: July 3, 2024

“Mortgage rates moved higher last week, crossing the 7% mark, even as the latest inflation data has kept market expectations alive for a rate cut from the Fed later this year." --Mike Fratantoni, MBA’s SVP and Chief Economist

People in the News, July 5, 2024

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

July 02, 2024

FHFA Releases NMDB Outstanding Residential Mortgage Statistics

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There were 50.8 million outstanding mortgages with unpaid balances totaling $11.7 trillion at the end of the first quarter, the Federal Housing Finance Agency reported Tuesday.

July 02, 2024

Miriam Moore and Eva Tapia From ServiceLink: 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 02, 2024

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

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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 02, 2024

To the Point With Bob–Mortgage Servicers: Diligently Serving Borrowers Through Constant Change

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Mortgage servicers have a vital function in the mortgage market and the wider economy, writes MBA President and CEO Bob Broeksmit, CMB.

July 02, 2024

Redfin: New Apartments Filling Slowly

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Redfin, Seattle, released a report highlighting that newly built apartments are filling up at the slowest pace since the first quarter of 2020.

July 02, 2024

Middle-Class Americans Must Put Down More Than $127,000 to Afford Monthly Mortgage: Zillow

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A new Zillow analysis shows that to comfortably afford a typical U.S. home, a median-income homebuyer needs to put down nearly $127,750, or 35.4%.

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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