Tag Archives: MBA

"His steady hand, focus, and compassion helped guide an industry through a turbulent period," said Ed Delgado, Chairman Emeritus at Five Star Global. "His influence on promoting affordable housing and his longstanding commitment to protecting the dream of homeownership will have an impact on generations to come."

Purchase demand remained strong in August for newly constructed homes, increasing 20.6% compared to a year ago, according to the MBA Builder Application Survey, while the average loan size for new homes increased to $398,092.

“Similar to December 2022, the availability of credit has been driven lower by declining originations and shrinking industry capacity as lenders have streamlined their operations to cope with lower volumes,” said Joel Kan, MBA’s VP and Deputy Chief Economist.

In order to further the principles of fair housing, the Biden-Harris Administration has announced new actions to increase fairness in the rental market.

“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979,” said Marina Walsh, MBA’s VP of Industry Analysis.

Ginnie Mae President Alanna McCargo said, “As always, we are focused on working with our counterparties to manage risks and ensure continuity in serving the most underserved households through all economic cycles.”

A new outlook from MBA economists predict a recession in 2023, significant staffing cuts, and falling origination, and purchase volumes.

Freddie Mac has announced the pricing of its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2022 —a securitization of approximately $536 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans ...

Delinquency rates hit an all-time low during the second quarter of 2022 finally settling at a seasonally adjusted rate of 3.64% of all outstanding residential loans according to the latest iteration of the National Delinquency Survey published by the Mortgage ...

Click through to learn which factors are at play when it comes to current shifts in forbearance rates and exits.