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NAHB and MBA Commend Trump’s Inauguration While NAR Stays Silent

NAHB and MBA Commend Trump’s Inauguration While NAR Stays Silent

by Phil Hall | Jan 21, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The trade associations representing the nation’s home builders and mortgage bankers offered generous praise for the new Trump administration. However, the National Association of Realtors (NAR) made no public comment on the change at the White House. Carl Harris,...
Mortgage Bankers Association Brings Undergraduate Course to Cleveland State University

Mortgage Bankers Association Brings Undergraduate Course to Cleveland State University

by Phil Hall | Jan 15, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

MBA Education, the education division of the Mortgage Bankers Association (MBA), has launched its Mortgage Banking Bound (MBB) program at Cleveland State University. The program offers a three-credit undergraduate course on residential mortgage origination and...
Mortgage Application Activity Soars by 33%

Mortgage Application Activity Soars by 33%

by Phil Hall | Jan 15, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity went into overdrive in the latest data from the Mortgage Bankers Association (MBA) for the week ending Jan. 10; the data included an adjustment for the New Year’s holiday. The Market Composite Index, the MBA’s measure of mortgage loan...
Housing and Real Estate Trade Groups Back Scott Turner as Next HUD Secretary

Housing and Real Estate Trade Groups Back Scott Turner as Next HUD Secretary

by Phil Hall | Jan 15, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The nation’s leading housing and real estate industry trade organizations have written a letter to the Senate Committee on Banking, Housing and Urban Affairs to voice their support of President-elect Trump’s choice of Scott Turner to serve as the next Secretary of...
Mortgage Credit Availability Inched Up in December

Mortgage Credit Availability Inched Up in December

by Phil Hall | Jan 13, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Last year ended with an uptick in mortgage credit availability, according to data from the Mortgage Bankers Association (MBA). In December, the MBA’s Mortgage Credit Availability Index (MCAI) was up by 0.7% to 96.6; the index was benchmarked to 100 in March 2012. The...
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