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Volume 23 Issue 200

Monday, October 14, 2024

MBA Advocacy Update: MBA, Industry Groups Launch CONVERGENCE Collaborative; Illinois CRA Exam Fees Progress; more

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

CoreLogic: Mortgage Application Fraud Risk Index Up 8.3% in Q2

CoreLogic, Irvine, Calif., released its latest fraud report, finding that its Mortgage Application Fraud Risk Index increased 8.3% year-over-year in the second quarter and 1.1% from the first quarter.

MBA Chart of the Week: Purchase Applications Index

In the wake of stronger economic data, including reports on jobs and inflation, mortgage rates have moved higher, with the 30-year fixed rate rising to 6.36%– the highest since August, based on the most recent data from the MBA’s Weekly Applications Survey.

MBA VIDEOS

MBA Eye on Washington

MBA Eye on Washington

mPower Moments: Forging Your Own Path with MBA’s Karen Franklin

mPower Moments: Forging Your Own Path with MBA’s Karen Franklin

MBA Research Minute

MBA Research Minute

MBA Now: MBA Opens Doors Foundation President Deb Dubois

MBA Now: MBA Opens Doors Foundation President Deb Dubois

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TOP NATIONAL NEWS

JPMorgan Isn’t Seeing a Big Mortgage Pickup Yet
Florida’s Home Insurer of Last Resort Is in Serious Trouble. Will Milton Put It Over the Edge?
Federal Housing Leaders Speak to the Need for More Reverse Mortgage Understanding
California Offers 3.5% Down Payment Program for First-Time Homebuyers

MBA NEWS

Oct. 16: Understanding the CFPB’s Non-Bank Registry
Real-World Artificial Intelligence, The TRUE Story, Nov. 7

Quote of the Day

In the military, you get asked this question all the time: what's more important, the people or the mission? And the answer is “Yes.” --Geno Paluso, CEO of Sagent and retired 25-year Navy SEAL

Meet Geno Paluso, Chief Executive Officer at Sagent

MBA NewsLink recently interviewed Geno Paluso, who joined Sagent in February as Chief Executive Officer. Paluso spent 25 years as a Naval Special Warfare (SEAL) Officer, Commandant of Cadets at The Citadel and a Vice President at BAE Systems Inc. before joining the FinTech firm.

October 11, 2024

Clever Real Estate: Homeowners Spending Significantly on Renovations

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Clever Real Estate, St. Louis, recently conducted a survey on home renovation trends, finding 63% of homeowners would prefer to remodel their existing home than move to one that has already been renovated.

October 11, 2024

Dodge Finds a Dip in Commercial Properties Entering Planning Stage

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The Dodge Momentum Index--a measure of the value of nonresidential building projects going into planning--decreased 4.2% in September, and commercial properties entering the planning stage contracted 7.8%, according to the Dodge Construction Network, Bedford, Mass.

October 11, 2024

LendingTree: 5.6 Million Homes Vacant in Largest U.S. Metro Areas

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LendingTree, Charlotte, N.C., reported that 5.6 million housing units are vacant in the largest 50 metro areas in the U.S.--and ranked which ones top that list.

October 11, 2024

Enact’s Vinny Souza and Vishal Shyamsunder–Data Modernization: Why Should Lenders Care?

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Data modernization enables organizations to extract more value from their data assets, make faster and more informed decisions, and adapt quickly to changing market conditions.

October 11, 2024

Lisa Brozenic: An MBA Education Path to Diversity Scholar Profile

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One in a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.

October 11, 2024

MBA Independent Mortgage Bankers Conference, Jan. 27-29 in Austin

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MBA’s Independent Mortgage Bankers Conference (IMB25), taking place January 27-29 in Austin, Texas, is the industry event of the year for IMBs, curated by IMBs.

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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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