As the debate to bring Fannie Mae and Freddie Mac public continues, a panel at the MBA’s Annual Convention discussed the process of taking the GSEs out of conservatorship and the impact of such a move on the mortgage marketplace
Executive Vice President and Chief Operating Officer of M&T Realty Capital Corporation is sworn in as Mortgage Bankers Association Chair, while Owen Lee is named Chair-Elect and John Hedlund named Vice Chair
As the mortgage rate market improves, MBA economists forecast headwinds such as tariffs and inflation may keep rates above the 6% mark and potential buyers on the sidelines for the foreseeable future
Bipartisan measure takes steps to boost housing supply and expand access to affordable mortgage credit
The Mortgage Bankers Association said Davies will retire at the end of the year
The MBA reports homebuyer affordability improved for the fourth consecutive month in August
Refis jump almost 60%; ARM share climbs to highest since 2008
Refinances rose to 26% of originations last month, though purchase activity is beginning typical seasonal decline
Purchase and refinance applications jump; refis account for nearly half of all activity
Lower rates and stable prices could restore balance by 2030, but affordability gains will vary widely