News Flash

The Mortgage Bankers Association (MBA) is forecasting a 2017 increase in commercial and multifamily mortgage originations that will reach $515 billion by year’s end, up five percent from the 2016 volume
MBA: 2017 Commercial and Multifamily Originations to Hit $515B
The Mortgage Bankers Association (MBA) is forecasting a 2017 increase in commercial and multifamily mortgage originations that will reach $515 billion by year’s end, up five percent from the 2016 volume. The trade group is also forecasting... Read more
Nearly 1.4 million residential properties were vacant as of the end of the third quarter, according to new statistics from ATTOM Data Solutions
Fewer Vacant Properties Recorded in Q3
Nearly 1.4 million residential properties were vacant as of the end of the third quarter, according to new statistics from ATTOM Data Solutions. This represents 1.58 percent of all residential properties, a slight decline from the 1.63... Read more
Genworth Mortgage Insurance has released the results of its survey of 200 mortgage industry professionals conducted at this year’s Mortgage Bankers Association Annual Convention & Expo in Denver
Home Values Keep on Rising
Home values in September were 6.9 percent more expensive than one year earlier, with the median home now at $202,700, according to new data from Zillow.   Much of the upward price movement is rooted in major West Coast markets, most... Read more
Average mortgage rates hit their highest level since July, according to data from Freddie Mac
Mortgage Rates Hit Three-Month High
Average mortgage rates hit their highest level since July, according to data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.94 percent for the week ending Oct. 26, up from last week when it averaged 3.88 percent. The... Read more
The National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI) was at 106.0 in September
Pending Home Sales Remain Flat
The National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI) was at 106.0 in September, unchanged from a downwardly revised August figure and 3.5 percent lower than one year earlier. The PHSI index is now at its lowest... Read more
UWM’ Mat Ishbia made a taped appearance on a recent airing of The Doctors on CBS to announce a $25,000 gift to two survivors, Amber and Michaela, of the recent Las Vegas mass shooting
United Wholesale Mortgage Donates $25,000 to Survivors of Las Vegas Shooting
Two survivors of the recent Las Vegas mass shooting received a surprise gift of $25,000 from Troy, Mich.-based United Wholesale Mortgage (UWM).   UWM President and CEO Mat Ishbia made a taped appearance on today’s airing of the syndicated... Read more
David H. Stevens has announced that he will retire as President and Chief Executive of the Mortgage Bankers Association (MBA) on Sept. 30, 2018
Stevens to Retire From MBA Leadership Role
David H. Stevens has announced that he will retire as President and Chief Executive of the Mortgage Bankers Association (MBA) on Sept. 30, 2018.   Stevens joined the MBA in May 2011 after serving as commissioner of the Federal Housing... Read more
Sales of new single-family houses in September took a giant leap skyward
New House Sales Skyrocket in September
Sales of new single-family houses in September took a giant leap skyward, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. Last month’s sales were at a seasonally adjusted annual rate... Read more
The Mortgage Bankers Association (MBA) has announced that Arch Mortgage Insurance and the CMG Foundation are the recipients of the MBA Opens Doors Foundation (ODF) 2017 Community Champion Award
Arch MI and CMG Foundation Honored by MBA Opens Doors Foundation
The Mortgage Bankers Association (MBA) has announced that Arch Mortgage Insurance and the CMG Foundation are the recipients of the MBA Opens Doors Foundation (ODF) 2017 Community Champion Award. The award recognizes those whose dedication... Read more
One of the nation’s most prominent retailers has sold its iconic New York anchor store
Lord & Taylor Sells Anchor NYC Store for $850M
One of the nation’s most prominent retailers has sold its iconic New York anchor store.   According to a New York Times report, the 676,000-square-foot Lord & Taylor building on Fifth Avenue in Manhattan was sold by the retailer’s... Read more