DENVER–The Federal Housing Finance Agency’s Naa Awaa Tagoe, Deputy Director, Division of Housing Mission and Goals, announced a series of updates at the Mortgage Bankers Association Annual Conference & Expo Oct. 28.
Category: News and Trends
SingleSource Property Solutions’ Ed Austin: Take 2020’s Lessons to Heart And Get Refi-Ready Now
When the COVID-19 pandemic arrived in 2020, the Federal Reserve’s response was swift and its impact on the housing market was dramatic. Millions of homeowners rushed to refinance, sometimes more than once. But for the industry, a golden opportunity also became a logistical nightmare.
Servicing Quote of the Week
“We are bullish about the spring 2025 housing market. Mortgage rates at this level should support homebuyer demand and gradually reduce the lock-in effect, thereby increasing the inventory of existing homes and supporting higher purchase origination volume in 2025.”
–Mike Fratantoni, MBA Chief Economist and Senior Vice President for Research and Business Development
MBA Forecast: Mortgage Originations to Increase 28% to $2.3 Trillion in 2025
DENVER–The Mortgage Bankers Association announced at its 2024 Annual Convention & Expo that total mortgage origination volume is expected to increase to $2.3 trillion in 2025 from the $1.79 trillion expected in 2024.
Astrid Vermeer Joins MBA as Senior Vice President, Chief Financial Officer
The Mortgage Bankers Association announced that Astrid Vermeer joined the association as Senior Vice President, Chief Financial Officer. Vermeer will oversee MBA’s managerial accounting and financial operations, including financial reporting, budgeting, forecasting, and risk management.
ICE First Look: Delinquency Rate Ticks Up in September
Intercontinental Exchange Inc., Atlanta, reported the national delinquency rate rose 14 basis points in September to 3.48%, up 4.3% from August and up 5.7% from September 2023.
Forgoing Automation is Literally Setting Servicers Up for Disaster–Clarifire CEO Jane Mason
This year’s storm season is testing everyone’s capacity to be responsive in the face of the unexpected. I know firsthand, as most of our team lives in Pinellas County, Fla., which was recently hit by multiple deadly storms.
Auction.com: Demand for Auction Properties Continues to Fall in Q3
Auction.com, Irvine, Calif., released its Auction Market Dispatch for the third quarter, finding that demand continues to weaken.
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.
Commercial, Multifamily Mortgage Delinquency Rates Increase in Third Quarter
Delinquency rates for mortgages backed by commercial properties increased slightly during the third quarter of 2024.