Mortgage Capital Trading, San Diego, said its Lock Volume Indices report showed modest decline in overall activity in July. But refinance segments outperformed expectations despite continued uncertainty in the housing market.
Category: News and Trends
Servicing Quote of the Week
“Eighteen months ago, we stepped up our efforts and asked the regulators, FHFA, CFPB and the FTC, to look into how their policies may be contributing to the costs of credit reports and scores spiking.”
–MBA President and CEO Bob Broeksmit, CMB
ATTOM: Home Sale Profits Increase in Q2
ATTOM, Irvine, Calif., released its Q2 U.S. Home Sales Report, finding that sellers made, on average, a 50% profit selling single-family homes and condos during the quarter.
FOMC Holds Interest Rates Steady; Read MBA Economist’s Analysis
The Federal Reserve’s Federal Open Market Committee held interest rates steady July 30.
Tapping Into Home Equity: MBA Q&A With BSI Financial Services’ Allen Price
MBA NewsLink recently interviewed Allen Price, senior vice president with BSI Financial Services, about how high rates, rising home equity and product innovation are reshaping the second-lien market and what that means for lenders, investors and servicers.
Bob Broeksmit’s Latest Blog Posts on Credit Score Modernization, VA Home Loan Program Reform Act
MBA President and CEO Bob Broeksmit, CMB, recently authored two new blogs commenting on industry happenings.
Jobs Up by 73,000 in July Amid May, June Revisions; Industry Economists Weigh In
Total nonfarm payroll employment increased by 73,000 in July and the unemployment rate stood at 4.2%, the U.S. Bureau of Labor Statistics reported Aug. 1.
Matic: Home Insurance Affordability Crisis Grows
The housing market face growing challenges as homeowners’ insurance affordability concerns and coverage limitations persist, according to Matic, Columbus, Ohio.
Chart of the Week: 2024 HMDA Respondents
A total of 4,758 companies reported lending activity under the Home Mortgage Disclosure Act (HMDA) in 2024, according to MBA’s analyses of the dataset.
MBA Supports Nominations of Joe Gormley, Frank Cassidy to Lead Ginnie Mae and Federal Housing Administration
MBA President and CEO Bob Broeksmit, CMB, released two statements over the weekend supporting the nomination of Joe Gormley to serve as President of Ginnie Mae and Frank Cassidy to be Commissioner of the Federal Housing Administration.