MBA President Bob Broeksmit offered his thoughts on the 2024 election and how the results could shape mortgage rates and regulations.
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Fannie Mae downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“
IMBs post first net production profit in two years largely due to better expense management, MBA says in its quarterly profitability report.
Industry experts say both parties have a correct diagnosis of the problems facing real estate and mortgage, but their potential solutions are quite different.
The V.A. issued guidance to strongly encourage servicers to extend the moratorium while they implement a program to help struggling veterans.
First-quarter 2024 marked the eighth straight quarter of net production losses, but losses were less severe than the previous two quarters.
Only by analyzing and adapting to the changing mortgage landscape, and by proactively seeking partnerships and solutions, can mortgage originators successfully grow their business.
If mortgage rates fall to a projected 6% by the end of 2024, 33% of loans originated in 2023 can save a full percentage point or more
Even if mortgage rates dropped to 4%, the median monthly payment would still be 44% above pre-pandemic levels, said Kevin Barker of Piper Sandler.