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ICYMI: Warren Calls for Big National Investment to Lower Housing Costs, Stronger Protections for...
Warren: “Massachusetts and the rest of the country shouldn’t be left to address this crisis alone. It’s time for the federal
November New Home Purchase Mortgage Applications Increased 21.8 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2023 shows mortgage applications for new home purchases increased 21.8 percent
Mortgage Credit Availability Decreased in November
Mortgage credit availability decreased in November according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
Efficient Home Loan Servicing Solutions: Simplifying Your Mortgage Process
The home loan process can often be overwhelming and time-consuming. From understanding the application process to exploring various loan options, every step requires careful consideration. However, with efficient home loan servicing solutions, you can simplify the mortgage process and make it more streamlined.
Chicago Area Community Lending Fact Book breaks down 2022 neighborhood-level mortgage trends
In 2022, Black and Latine households continued to receive
Amidst Housing Slowdown, Exurban Areas Post Largest Construction Gains
For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family
Commercial Mortgage Delinquency Rates Increased in Third-Quarter 2023
Commercial mortgage delinquencies increased in the third quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report. “Not unexpectedly
New Home Sales Weaken in October
Elevated mortgage rates that averaged 7.62% in October per Freddie Mac, the highest rate since 2000, depressed buyer demand and pushed down new home sales in October. Sales of newly built, single-family homes in October fell 5.6% to a
Restb.ai AI-powered computer vision technology offers lenders, appraisers image validation solution designed for GSE-compliance
National banks and mortgage lenders are scrambling to incorporate image recognition into their appraisal review process
FHFA Announces Conforming Loan Limit Values for 2024
The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac (the Enterprises) will acquire in 2024. In most of the
October New Home Purchase Mortgage Applications Increased 39.7 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2023 shows mortgage applications for new home purchases increased 39.7 percent compared from a
7 Benefits of Using a Mortgage Broker
When financing homes and properties, many homeowners and borrowers think going directly to banks is the most straightforward option. However, a more effective alternative is seeking professional help from a mortgage broker.
Federal Housing Administration Helps Over 765,000 Families Buy Homes and Maintains a Strong Insurance...
Annual Report to Congress for fiscal year 2023 highlights impact of insurance premium reduction, assistance for approximately two
Mortgage Delinquencies Increase in the Third Quarter of 2023
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62 percent of all loans outstanding at the end of the third
NAR Finds Typical Home Buyer’s Annual Household Income Climbed to Record High of $107,000...
Buyer income annual increase of 22% is largest on record (from $88,000 in 2022 report); down payments jumped to highest percentages in two decades
VA reduces premium rates for Veterans’ Mortgage Life Insurance
This month, the Department of Veterans Affairs reduced premiums for most Veterans and Service members insured under the Veterans’ Mortgage Life Insurance program.
Lance F. Drummond Elected Chair of Freddie Mac
Lance Drummond will become chair of Freddie Mac's Board of Directors, the company announced today. A member of the Board since 2015, Drummond will succeed Sara Mathew, who will retire as Board chair and as a Director in February 2024, as required by the company's bylaws.
Mortgage Application Payments Decreased to $2,155 in September
Homebuyer affordability improved slightly in September, with the national median payment applied for by purchase applicants decreasing to $2,155 from $2,170 in August. This is according to
Single-Family Starts Post Unexpected Gain in September as High Interest Rates Persist
Despite elevated mortgage rates averaging above 7%, single-family starts posted a solid gain in September as more buyers are turning to new homes because of a dearth of inventory in the
MBA Statement on the Biden Administration’s Announcement on Commercial Property Conversions to Housing
Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement on the Biden
