Mortgage Bankers Association

Mortgage rates jump back over 7% as inflation fears drive yields higher – CNBC

Mortgage rates jump back over 7% as inflation fears drive yields higher  CNBC

Amid bank sector woes, concerns mount about financing drying up for home builders and buyers

Home builders could find it harder to borrow loans to build homes, experts say.

Newly built homes too pricey for most Americans: report

While the current housing market is considered more favorable to buyers than sellers by some mortgage industry leaders, plenty of obstacles remain for aspiring homeowners, especially those looking to buy new properties. Only 35.9 million out of a total of 132.5 million households are currently able to afford a newly built home based on 2022’s … [Read more…]

Fed Rate Increase Could Signal Lower Mortgage Rates Ahead – NerdWallet

Fed Rate Increase Could Signal Lower Mortgage Rates Ahead  NerdWallet

The mortgage industry doesn’t want the DTI LLPA fee delayed. They want it killed

FHFA’s postponement of the DTI-based LLPA is not enough – trade groups and lenders want an alternative entirely.

LoanCare launches distressed mortgage unit

A subservicer focused on government-related loans has started a new unit called Velocity that will aim to more efficiently manage mortgages using analytics. Velocity Servicing’s formal launch marks the outcome of LoanCare’s 2021 hire of former Goldman Sachs Vice President Matt Stadler, who the company brought in to build out an independently run special-servicing division. … [Read more…]

How US banks turmoil is impacting the already hammered housing market – New York Post

How US banks turmoil is impacting the already hammered housing market  New York Post

Average IMB lost $2,812 per origination in Q4 

Only one in four IMBs were profitable in Q4 2022 amid loan production expense hitting a study high of $12,450 per loan, according to the MBA.

Mortgage rates declined amid banks failures. What’s next?

Mortgage rates fell last week after a regional bank deposit run provoked a liquidity crisis, but what’s next for the housing market?