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Volume 23 Issue 109

Wednesday, June 05, 2024

MBA Honors 2024 NewsLink Tech All-Stars

SAN FRANCISCO--The Mortgage Bankers Association awarded the MBA NewsLink Tech All-Star Award on Tuesday to three visionary leaders in the mortgage technology industry.

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 5.2% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending May 31, 2024.

Buyers Willing to Give up Land in Exchange for Homeownership

High mortgage rates and double-digit growth in home prices since COVID-19 are forcing home buyers to compromise on lot size and square footage to afford a house, the National Association of Home Builders reported.

MBA VIDEOS

MBA Eye on Washington

MBA Eye on Washington

mPower Moments: Utilizing Personal Strengths with MISMO’s Jan Davis

mPower Moments: Utilizing Personal Strengths with MISMO’s Jan Davis

MBANow: DEI Update with Amber Lawrence

MBANow: DEI Update with Amber Lawrence

MBANow: Housing Affordability Trends and Outlook

MBANow: Housing Affordability Trends and Outlook

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TOP NATIONAL NEWS

Will Mortgage Rates Fall After the June Fed Meeting? Here’s What Experts Think
Housing Market Gets Worse for Buyers
Ready, Set, Refi?
CFPB Renews Warnings About ‘Fine Print’ Violations
Wall Street Wants Second Mortgages Expanded For ‘The Next Big U.S. Stimulus.’ Is That Wise?
What’s Holding Up Your Home Loan?
Scammers Tried to Sell Graceland. How to Prevent Your Home From Being Next.
Study Finds Cognitive Declines Preceding Alzheimer’s Diagnosis Lead to Credit Card, Mortgage Delinquency

MBA NEWS

Best Practices for Ensuring Clarity, Speed and Compliance in Borrower Communications – June 13
Highlight Your Innovative DEI Strategy–Deadline Aug. 2
MBA Human Resources Symposium, Sept. 18-19

Quote: June 5, 2024

“Mortgage rates moved slightly higher last week, with the 30-year conforming rate reaching 7.07%--its highest level since early May--despite incoming data indicating somewhat slower economic growth." --Mike Fratantoni, MBA’s SVP and Chief Economist.

Redfin Reports Renters Staying Put Longer

Renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership, according to Redfin, Seattle.

June 04, 2024

Three Necessities in a Capital Markets Platform–Sponsored Content by Optimal Blue

Master your margins with comprehensive capital markets technology

June 04, 2024

Demand for Alternative Products is Growing as Are the Risks–Sponsored Content by First American Data & Analytics

Alternative loan categories gained momentum in the first half of 2024. Learn why lenders need to be mindful of risk.

June 04, 2024

People in the News, June 5, 2024

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Industry personnel news from Incenter, LERETA and Planet Home Lending.

June 04, 2024

MBA: Commercial Mortgage Delinquency Rates Increased in First Quarter

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Commercial mortgage delinquencies increased in the first quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial Delinquency Report.

June 04, 2024

What You Need to Know About the FHA’s Payment Supplement: Haris Jusic and Vicki Vidal From ICE Mortgage Technology

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During the COVID-19 pandemic, when rates remained low, the FHA streamlined its home retention loss mitigation options and provided relief for nearly 1.9 million borrowers. Despite these efforts, the current climate of high mortgage interest rates poses challenges for initiating loan modifications.

June 05, 2024

Manufactured Housing Nuances: What Lenders Need to Know About Title–ServiceLink’s Susan Falsetti

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With interest rates staying higher for longer coupled with steadily tight, albeit slightly rising inventory this spring, borrowers continue to explore all options when it comes to purchasing a home they can afford. Enter manufactured housing.

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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