The Mortgage Bankers Association announced that David Menke has joined the association as Director of Member Relations.
Tag: MBA
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.
MBA: Share of Mortgage Loans in Forbearance Increases to 0.23% in June
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.23% as of June 30, 2024
MBA Agrees with Fed Chair Powell on the Need to Re-Propose Basel III Endgame
MBA’s President and CEO, Bob Broeksmit, CMB, issued a statement regarding Federal Reserve Chairman Jay Powell’s comments on the Basel III Endgame Proposal before the Senate Banking Committee:
CFPB Releases RFI on Mortgage Closing Costs; MBA Shares Concerns Regarding Credit Reporting Price Increases
The American Bankers Association, Housing Policy Council and Mortgage Bankers Association issued a statement in response to the Consumer Financial Protection Bureau’s Request for Information on mortgage closing costs.
MBA: April New Home Purchase Mortgage Applications Increased 22.1%
The Mortgage Bankers Association’s Builder Application Survey for April shows mortgage applications for new home purchases increased 22.1% compared to a year ago.
Mortgage Credit Availability Increased in April
Mortgage credit availability increased in April according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
MBA, Other Housing Trade Groups Applaud Launch of Bipartisan Congressional Real Estate Caucus
A number of groups thank Reps. Mark Alford (R-Mo.), J. Luis Correa (D-Calif.), Tracey Mann (R-Kan.), and Brittany Pettersen (D-Colo.) for launching the Bipartisan Congressional Real Estate Caucus.