Items Tagged with 'Mortgage Bankers Association'

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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: Commercial, multifamily mortgages continue performing historically well

    Delinquencies remain near historic lows
    It was basically the same song, different verse for commercial and multifamily mortgages at the end of 2018, with those mortgages continuing to perform at historic levels throughout the fourth quarter. According to newly released data from the MBA, delinquency rates on commercial and multifamily mortgages remained near historic lows during the fourth quarter, just as they did all year.
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  • MBA Servicing: Despite recession risk, forecast for servicing looks good

    Home price appreciation and wage growth bode well for growth
    The MBA has raised the odds of a recession to a one-in-three chance over the next 12 months, but However, both Joel Kan and Marina Walsh stressed that the recession, if it happens, is likely to be mild. Amid all the economic data, the indicators that carry the best news for servicers are strong payroll growth and strong wage growth.  
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  • Multifamily mortgage originations jumped 32% in the fourth quarter

    Multifamily lending ends the year up from 2017
    Recently, the Mortgage Bankers Association predicted that multifamily lending was on track to set another record in 2018. And now that 2018 is over, we’re starting to get a look at just how good of a year it was. And just as expected, it appears that multifamily mortgage lending finished the year off on a strong note.
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  • Survey: Most multifamily mortgage originators expect another record year in 2019

    MBA survey shows originators see more sunshine in the future
    The most recent data from the MBA showed that commercial and multifamily lending hit an all-time high in 2017, and the MBA’s latest forecast suggested that 2018 would likely be another record year for commercial and multifamily lending. And a newly released survey of commercial and multifamily originators shows that most firms expect to see that trend continue in 2019.
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  • U.S. economy adds 312,000 jobs in December

    Unemployment at 3.9%, fastest growth since February 2018
    The unemployment rate increased to 3.9% in December, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. According to the report, the number of unemployed persons rose 276,000 jobs to 6.3 million in December.
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