DENVER–MBA Education, the award-winning education division of the Mortgage Bankers Association, honored Mr. Cooper’s Ryan Davidson, AMP, Associate Vice President, Strategy & Analytics, with its 2024 Willis Bryant Award here at the 2024 Annual Convention and Expo.
Category: News and Trends
Redfin Finds Young Homeowners More Likely Than Young Renters to Feel Financially Better Off
Around two-thirds of Millennial and Gen Z homeowners say they’re better off financially than they were four years ago, compared to just over half of Millennial and Gen Z renters, according to a new Redfin survey.
Mohamed El-Erian: U.S. Economy in Better Shape Than Expected
DENVER–Renowned economist Mohamed El-Erian gave his thoughts on the global economic outlook during the Mortgage Bankers Association’s Annual Convention & Expo Oct. 28, noting that the U.S. economy is in a better place than anticipated, especially given recession predictions over the past few years.
TransUnion: Four in Five Homeowners Say Their Mortgage Payments Strain Their Finances
A new survey from TransUnion, Chicago, found that many consumers feel their mortgage payments are putting a strain on their household finances, and the prospect of falling interest rates has them ready to consider refinancing those loans.
ATTOM: Zombie Foreclosures Remain Low
ATTOM, Irvine, Calif., released its fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report. It found zombie foreclosures ticked up slightly from Q3, but remain below Q4 2023’s number.
BLS: Jobs Close to Flat in October
Total nonfarm payroll inched up by just 12,000 in October, and the unemployment rate was unchanged at 4.1%, per the U.S. Bureau of Labor Statistics.
MBA White Paper: Reforms Needed to RESPA Section 8 to Better Serve Consumers, Mortgage Market
Comprehensive reforms are necessary to modernize Section 8 of the Real Estate Settlement Procedures Act (RESPA) to better serve consumers and the real estate finance industry in today’s highly-regulated mortgage market. That is according to a new white paper from the Mortgage Bankers Association.
New MBA Chair Laura Escobar to Focus on Supply, Affordability, Education
DENVER–Laura Escobar, the new Mortgage Bankers Association Chair for 2025, took to the stage at MBA’s Annual Convention & Expo Oct. 28, letting the crowd know that she is “here for the people.”
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 Statement on FHFA Updates on Loan Repurchases, Appraisals, and Pricing
DENVER–MBA President and CEO Bob Broeksmit, CMB, issued the following statement on the Federal Housing Finance Agency (FHFA) announcements on loan repurchases, appraisals, and pricing at MBA’s 2024 Annual Convention and Expo: