Industry personnel news from Dark Matter Technologies, Optimal Blue, MAXEX, MBA, Fannie Mae, FHFA, Certainty Home Lending and Provident Bank.
Tag: MBA
People in the News, Nov. 6, 2024
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MBA’s Bob Broeksmit: MBA Ready to Act, No Matter Election Outcome
DENVER–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, said no matter how the election shakes out next week, MBA is ready to take action for its members.
MBA Promotes Wendy Penn, Amber Lawrence
Wendy Penn has been promoted to Vice President for Affordable Housing Initiatives and Amber Lawrence has been promoted to Vice President of Diversity, Equity, and Inclusion.
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased Modestly in Second-Quarter 2024
The level of commercial/multifamily mortgage debt outstanding increased by $31.4 billion (0.7%) in the second quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Mortgage Credit Availability Increased in August
Mortgage credit availability increased in August according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
David Menke Joins MBA as Director of Member Relations
The Mortgage Bankers Association announced that David Menke has joined the association as Director of Member Relations.
MBA: July New Home Purchase Mortgage Applications Increased 9.4%
The Mortgage Bankers Association Builder Application Survey data for July 2024 shows mortgage applications for new home purchases increased 9.4% compared from a year ago.
MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate
The job market definitively slowed in July. Nonfarm payroll growth at 114,000 was well below the 12-month average of 215,000, while the unemployment rate moved up to its highest level since October 2021 at 4.3%, as shown in this week’s chart.
MBA: Delinquency Rates for Commercial Property Loans Declined Slightly in Second Quarter of 2024
Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter of 2024.