MBA Newslinks Archive

“MBA and its members believe that in order to attract international investors under all market conditions, any secondary mortgage market reform must include a government guarantee, though that guarantee should just extend to the mortgage-backed securities, and not the entities issuing them.”–MBA President and CEO David Stevens, CMB.

“Uncertainty surrounding the outcome of the presidential election may have kept some would-be homebuyers on the sidelines while the prospect of rising interest rates following the election may have prompted many homeowners to refinance to lock in low interest rates.”–Daren Blomquist, senior vice president with ATTOM Data Solutions, Irvine, Calif.

“The post-election sudden increase in mortgage rates has accelerated the shift away from a refinance-driven market toward a purchase-dominated market. The overall decline in loan application and defect risk will slow as rates continue to rise into 2017 and the share of higher risk purchase loans increases.”–First American Chief Economist Mark Fleming.

“We are currently experiencing the best real estate returns since the bottom in July of 2012 when prices rose at a 5.9% real annual rate. Given history, this trend is unlikely to be sustained.”–David Blitzer, Managing Director and Chairman of the Index Committee with S&P Dow Jones Indices, New York.

“Low rates, combined with recent meaningful income gains, fueled an increase in consumer house-buying power, meaning affordability is at a quarter-century best. Even as interest rates increase above 4 percent post-election, housing, on a purchasing-power adjusted basis, will continue to be more affordable than it was in the early 1990s.”–Mark Fleming, chief economist with First American Financial Corp., Santa Ana, Calif.

“[The increase] reflects the reality that we are in an improving housing market driven by an improving economy.”
–MBA President and CEO David Stevens, CMB, on the Federal Housing Finance Agency’s decision to raise conforming loan limits next year.

“Purchase volume increased sharply for the week compared to both last week, which included the Veteran’s Day holiday, and last year, with purchase volume up more than 11 percent on a year-over-year basis.”–MBA Chief Economist Mike Fratantoni

“You have to have top leadership involved. It comes down to having your executive leadership at the front.”–Niki Scott, Executive Vice President and National Retail Production Manager with SunTrust Mortgage, at the MBA Summit on Diversity and Inclusion.

“We are honored that we can dedicate this amount to a core mission of MBA’s diversity and inclusion efforts. Interest for this conference continues to increase, which was one of the main reasons we were able to support the Path to Diversity & Inclusion Scholarships.”–J. David Motley, CMB, Chairman of MBA’s Diversity and Inclusion Committee and MBA Chairman-Elect.

“We know our demographics are changing. A more diverse workforce better reflects your customers; enhancing the possibility of effective communication and service; leads to broader ideas and better decision-making and ultimately success.”–MBA Chairman-Elect J. David Motley, CMB, Chairman of the MBA Diversity & Inclusion Committee and President of Colonial Savings FA, Fort Worth, Texas.