A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Biden’s executive order will extend foreclosure moratorium

President Biden revealed his plan to sign 17 executive orders his first day in office, including am extension of the eviction and foreclosure moratorium to at least March 31.

How servicers continue to protect neighborhoods amid COVID

We spoke with MCS CEO Caroline Reaves about self-service technology, the shift to virtual and how servicers can prepare for post-COVID success by improving processes today.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

Purchase Mortgage Application Volume Highest in a Month: MBA

The total volume of mortgage applications submitted in the week ending July 16 slipped a seasonally adjusted 4.4% from the previous week, despite another increase in purchase mortgage applications, according to the Mortgage Bankers Association (MBA). At the same time, a separate survey measuring household mortgage application activity ticked down slightly. MBA found the volume of applications submitted for purchase mortgages rose 2% after the previous week’s 3.4% growth. It marks the highest purchase application index in a month, since the end of June, the MBA said. The volume of applications submitted for refinance fell 5.9% in the same week, pushing the refinance share of mortgage application activity down to 78%, from 79.4% last week. The adjustable-rate mortgage (ARM) share of application activity rose to 5.7% this week, from 5.2% the previous week. The Mortgage Maxx index, which adjusts data to reflect the number of households applying for a mortgage, showed household application activity continued to inch downward, slipping 0.9% in the same week after declining 0.4% in the week before. Write to Diana Golobay.

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3d rendering of a row of luxury townhouses along a street

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