Imagine a widow wanting to relocate to a cozy, manageable home for her golden years. With today’s higher mortgage rates and the high cost of living, her dream can feel out of reach. But what if there was a way to make it easier?
Tag: FHA
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%.
Industry Briefs, June 7, 2024
Industry news from ATTOM, ACES Quality Management, FHA and Snapdocs.
MBA Opposes FFB Risk Sharing Program Extension; Calls on HUD to Address High Fees
MBA President and CEO Bob Broeksmit, CMB, released a statement on the Biden administration’s recent housing announcements, which include extending indefinitely the Federal Housing Administration (FHA) and Federal Financing Bank (FFB) Risk Sharing program.
FHA Establishes New Payment Supplement Loss Mitigation Home Retention Solution
The Federal Housing Administration on Wednesday published a Mortgagee Letter establishing a new Payment Supplement loss mitigation home retention solution.
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.
MBA CEO Bob Broeksmit at #MBACREF24: Industry Participation Vital to Overcoming Policy Challenges
SAN DIEGO–MBA President and CEO Bob Broeksmit, CMB, highlighted challenges to the commercial real estate finance industry–from Basel III to affordability–here at the MBA Commercial/Multifamily Finance Convention and Expo.
MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2023
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of the fourth quarter of 2023, according to the Mortgage Bankers Association’s National Delinquency Survey.
ATTOM: 2023 Home Selling Profits Still High, but Drop for First Time Since 2011
ATTOM, Irvine, Calif., released its Year-End 2023 U.S. Home Sales Report, highlighting that home sellers garnered $121,000 in profit on a typical home, and a 56.5% return on investment, in 2023.