MBA: May New Home Purchase Mortgage Applications Increased 13.8%

The Mortgage Bankers Association Builder Application Survey data for May 2024 shows mortgage applications for new home purchases increased 13.8% compared to a year ago. Compared to April 2024, applications increased by 1%.

MBA Statement on FHA’s New Loss Mitigation Option

MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Federal Housing Administration’s (FHA) Payment Supplement, a new loss mitigation alternative to a traditional loan modification.

FHA’s Julia Gordon on 2024 Priorities at #MBACREF24

SAN DIEGO–Getting policies to the finish line–and what could hold that up–was the big theme from a discussion between Julia Gordon, Assistant Secretary for Housing and Federal Housing Commissioner at HUD, and MBA President and CEO Bob Broeksmit, CMB, here Feb. 13.