While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.
Panelists at MBA's annual event agree GSEs have neglected to facilitate mandatory adoption of new credit scoring models, set to take effect in the fourth quarter of 2025.
Fannie, Freddie, and HUD revive key announcements, rolling out expanded appraisal waivers and transparency initiatives
The GSE will expand its performing loan repurchase pilot to all lenders beginning in the first quarter of 2025.
President of Lennar Mortgage, Laura Escobar, was sworn in yesterday, as were several new board members
MBA Chief Economist Mike Frantantoni predicted that loan volumes will end 2024 at $1.8 trillion and then jump to $2.3 trillion in 2025
Regulations prohibiting kickbacks and steering are 'outdated,' argues MBA CEO Bob Broeksmit
Refinance application volume 8% lower from week prior, 90% higher year-over-year
Ginnie Mae loans in forbearance increased by 10 basis points in September to 0.76%
Mortgage Bankers Association (MBA) reports 17% decrease in applications for week ending Oct. 11