Mortgage application activity plummeted to a 28-year low, according to data from the Mortgage Bankers Association (MBA) covering the week ending Oct. 13. The Market Composite Index, the trade group’s measure of mortgage loan application volume, slumped by 6.9% on a...
The First National Bank of Long Island, a Melville, New York-based subsidiary of The First of Long Island Corporation (NASDAQ: FLIC), announced that Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), will be the preferred residential mortgage provider for...
The Mortgage Bankers Association is forecasting an increase in total mortgage origination to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023, along with a mild recession during the first part of next year. The trade group also predicted purchase...
Philadelphia Federal Reserve President and CEO Daniel Harker addressed the Mortgage Bankers Association’s 2023 Annual Convention & Expo in Philadelphia this morning and admitted there was an absence of jubilation among the attendees regarding the central...
The Mortgage Bankers Association, through its MBA Education division, presented Navy Federal Credit Union with its inaugural Residential Educator of the Year Award during the trade group’s 2023 Annual Convention & Expo in Philadelphia. Now celebrating its 90th...
Mortgage Bankers Association President and CEO Bob Broeksmit opened the 2023 edition of his organization’s Annual Convention & Expo will a full-throttle assault against the federal government for policies that he decried as having a destructive impact on the...
Illinois Gov. Pritzker: Don’t Blame Me for High Property Taxes
