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Volume 23 Issue 93

Monday, May 13, 2024

MBA Statement on FSOC’s Report on Mortgage Servicing

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Financial Stability Oversight Council’s (FSOC) report released Friday on nonbank mortgage servicing:

MCT: Almost 2% Lock Volume Increase in April

Mortgage Capital Trading, San Diego, released its MCT May Indices Report, covering volumes from April. It found a 1.87% increase in mortgage lock volume compared with March.

MBA Advocacy Update

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

MBA VIDEOS

MBANow: Housing Affordability Trends and Outlook

MBANow: Housing Affordability Trends and Outlook

MBA Eye on Washington

MBA Eye on Washington

MBANow With MBA's Dawn Williams on MBA Secondary

MBANow With MBA's Dawn Williams on MBA Secondary

MBA Research Minute

MBA Research Minute

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TOP NATIONAL NEWS

How Rich Homebuyers are Avoiding High Mortgage Rates
Stubbornly High Rents Prevent Fed From Finishing Inflation Fight
How to Calibrate Mortgage Employee Comp for Uncertain Times
Commercial, Multifamily Originations Stall as Owners Hold Off on Major Moves
Housing Market Could Get 4 Million New Potential Buyers This Year
Average Mortgage Rates Fall After Weeks of Increases
Video–Homeless or Overhoused: Boomers Are Stuck at Both Ends of the Housing Spectrum

MBA NEWS

Rethink Everything You “Know” To Be A Next Gen Loan Officer: A Webinar Series–Next Event May 14
Mortgage Accounting Webinar Series Continues on May 23
MBA Annual: Oct. 27-30 in Denver

Quote: May 13, 2024

"We share FSOC’s goals of a safe, stable, and sustainable financial services marketplace, but some of the report’s recommendations are unnecessary." --MBA President and CEO Bob Broeksmit, CMB

MBA Chart of the Week: Monthly Payroll Growth, Average Hourly Earnings

The Federal Open Market Committee (FOMC) left the federal funds target unchanged at its May meeting, as incoming data regarding the strength of the economy and stubbornly high inflation have resulted in a shift in the expected timing of a first rate cut.

May 10, 2024

Building Borrower Loyalty Brick by Brick (Sponsored Content from MeridianLink)

MeridianLink® sheds light on actionable strategies for how your LOS can help you gain borrowers’ trust, loyalty, and repeat business.

May 10, 2024

Agustin Del Rio: Don’t Cry for Me, MBA-sita: Profitability Has Never Left You (in the Long Term)

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When Novak Djokovic was once asked who the better tennis player between Roger Federer and Rafael Nadal on a "neutral" surface was, he humorously retorted, "Which surface is that? Ice?"

May 10, 2024

Affordable Housing Insights Fireside Chat With Accenture’s Cate Dalton

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The Mortgage Bankers Association’s Affordable Housing Initiatives team recently launched the Affordable Housing Insights Fireside Chat Series, an interview series with housing industry leaders.

May 10, 2024

People in the News, May 13, 2024

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Industry personnel news from Ginnie Mae, Planet Home Lending, Mobility Market Intelligence and Xactus.

May 10, 2024

About the MBA Career Center

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The Mortgage Bankers Association’s Career Center provides sophisticated job recommendations and job seeker resources to those impacted by downsizing. Improve your resume with a free review.

May 10, 2024

Homeowner Equity Dips in Q1, ATTOM Finds

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ATTOM, Irvine, Calif., released its first-quarter 2024 U.S. Home Equity and Underwater report, revealing 45.8% of mortgaged residential properties in the U.S. are equity-rich.

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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