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May New Home Purchase Mortgage Applications Increased 16.6 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2023 shows mortgage applications for new home purchases increased 16.6 percent compared from a
Cole Supports Legislation To Protect Middle Class Homebuyers
Congressman Tom Cole (OK-04) released the following statement after the House passed H.R. 3564, the Middle Class Borrower Protection Act of 2023. This legislation would block mortgage fee
Housing leaders meet in Memphis to celebrate 2nd anniversary of Black Homeownership Collaborative’s 3by30...
The Black Homeownership Collaborative, a coalition of more than 100 organizations and individuals, brought together national and
Boebert Western Water Accelerated Revenue Repayment Act Gets Hearing
Congresswoman Lauren Boebert (CO-03) stated, “My Western Water Accelerated Revenue Repayment Act had an important legislative hearing today and received resounding praise from the
Mortgage Credit Availability Decreased in May
Mortgage credit availability decreased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI fell by 3.1 percent to 96.5 in May
Biden-Harris Administration to Save Native American Homebuyers an Average of $500 in the First...
The Department of Housing and Urban Development (HUD), through the Office of Native American Programs, announced
Low Existing Home Inventory Fueling Buyer Interest in New Homes
As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more Americans are turning to new home construction as existing inventory remains
Commercial and Multifamily Mortgage Delinquency Rates Increased in the First Quarter of 2023
Commercial and multifamily mortgage delinquencies increased in the first quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report
Johnson Introduces Bill to Encourage Property, Home Purchases in Indian Country
U.S. Representative Dusty Johnson (R-S.D.) introduced the Tribal Trust Homeownership Act to streamline the approval process for mortgages involving property on tribal trust land.
Mortgage Application Payments Increased 0.9 Percent to $2,112 in April
Homebuyer affordability declined further in April, with the national median payment applied for by purchase applicants increasing 0.9 percent to $2,112 from $2,093 in March. This is according to the
Commercial/Multifamily Borrowing Declines 56 Percent in First-Quarter 2023
Commercial and multifamily mortgage loan originations were 56 percent lower in the first quarter of 2023 compared to a year ago, and decreased 42 percent from the fourth quarter of 2022
MIAMI Realtors Partners with Milestones to Empower Members with Industry-Leading Homeowner Management
The MIAMI Association of Realtors (MIAMI) has partnered with Milestones Labs to equip MIAMI members with award-winning
MISMO Seeks Public Comment on Version 3.5 Property and Valuation Services Implementation Guide
MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment
Biden’s Veto of Congressional WOTUS Resolution a Blow to Housing Affordability
Alicia Huey, chairman of the National Association of Home Builders (NAHB) and a custom home builder and developer from Birmingham, Ala., today issued the following statement after
IMB Production Profits Fall to Series Low in 2022
Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 on each loan they originated in 2022, down from an average profit of $2,339 per loan in 2021. This is according to the Mortgage Bankers
MBA Releases 2022 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes
According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association
Amata Raises Concerns About Massive New 777,000 Square Miles of NMS Around the Pacific...
Congresswoman Uifa’atali Amata is raising urgent concerns about President Biden’s initiation of an enormous new National Marine Sanctuary (NMS) for 777,000 square miles around the Pacific Remote Islands. She questions why the administration made no effort to discuss this issue with the Pacific delegations or to notify us even at the recent IGIA forum that such a drastic change to our way of life was even being considered.
Mortgage Application Payments Increased 4.9 Percent to $2,061 in February
Homebuyer affordability declined in February, with the national median payment applied for by purchase applicants increasing 4.9 percent to $2,061 from $1,964 in January. This is according to the
New Home Sales Remain Relatively Flat in February
Higher mortgage rates and home prices, as well as increased construction costs contributed to lackluster new home sales in February, but signs point to improvement later in the year.
Rep. Neguse Calls for Updates to Reverse Mortgage Foreclosure Guidelines for Victims of Major...
The Colorado Congressman is calling on the Federal Housing Administration (FHA) to make these changes after hearing