Articles Tagged with ''MBA''

Housing industry responds to Trump's calls for housing finance reform

Groups applaud president's official step toward instigating long-awaited change
On Wednesday, President Donald Trump signed a memorandum calling for an end of the conservatorship of Fannie Mae and Freddie Mac. The memorandum details programs and objectives that the government agencies are asked to analyze for reform, but it doesn't provide many other specifics. Absent concrete details for change, most groups in the housing space applauded the president's move as an necessary step toward instigating much-needed change.
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Mortgage profitability hits all-time low in Q4

Average net loss of $200 per loan
Mortgage originators hit rough waters as the cost to originate a loan soared in the fourth quarter – sending profitability to its lowest point ever. Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $200 for each loan they originated in the fourth quarter of 2018.
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MBA: Falling mortgage rates propel mortgage applications

Purchase and refinance applications jump 6% and 12%, respectively
Mortgage applications rose once again for the week ending on March 22 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said the spring buying season is off to a strong start.
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MBA Tech: Is it better to build your own technology or buy it?

Panel explores pros and cons of developing tech solutions
When it comes to utilizing technology in your business, is it better to build your own solution or to buy one that is already developed and ready to use? Well, that depends what you’re looking for, according to experts at the Mortgage Bankers Association’s 2019 Technology Solutions Conference.
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MBA investing $2 million in MISMO

Investment to enable MISMO to expand resources
The Mortgage Bankers Association is investing $2 million in MISMO, the trade group announced Monday morning during the opening session of its 2019 Technology Solutions Conference. The investment allows MISMO to expand resources in order to support key initiatives in the mortgage industry, including a uniform dataset for private label mortgage-backed securities, a standardized closing instructions template, standards for remote online notarization and more.
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Declining mortgage rates champion home-buying power, but for how long?

Home prices decreased 1.9% in January
In January 2019, home prices retreated 1.9%, but increased 7% year over year, according to First American's Real House Price Index. First American Chief Economist Mark Fleming said moderating home prices, in conjunction with gains in household income and declining mortgage rates, boosted affordability for potential home buyers.
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MBA: Economic worries slow growth of mortgage applications

Market Composite Index moves upward just 1.6%
Mortgage applications slightly inched forward for the week ending on March 15, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said mortgage rates declined once again, as concerns about the slowing global economy and status of Brexit drove investors' demand for U.S. Treasuries.
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MBA: Spring home buying season likely to be strong as mortgage applications heat up

Purchase applications increase annually for the fourth consecutive week
Mortgage applications reversed course for the week ending March 13, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said purchase applications have now increased year over year for four weeks, which signals healthy demand entering the busy spring home buying season.
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MBA: Rising mortgage rates put a damper on application volume

Applications for 30-year fixed rate rise 2.5%
Mortgage applications took a tumble for the week ending Mar.1, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Senior Vice President and Chief Economist Mike Fratantoni said slightly higher mortgages rates last week led to a decrease in application volume.
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