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Forecast: Mortgage Origination to Reach $2.3 Trillion in 2025

Forecast: Mortgage Origination to Reach $2.3 Trillion in 2025

by Phil Hall | Oct 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Total mortgage origination volume is expected to increase to $2.3 trillion in 2025 from the $1.79 trillion expected in 2024, according to a forecast from the Mortgage Bankers Association (MBA). In the new forecast, purchase originations will increase 13% to $1.46...
Laura Escobar Sworn In as MBA’s 2025 Chairperson

Laura Escobar Sworn In as MBA’s 2025 Chairperson

by Phil Hall | Oct 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) installed Laura Escobar, president of Lennar Mortgage, as its 2025 chairperson at a ceremony during the trade group’s 2024 Annual Convention & Expo. Escobar currently serves on several advisory boards and committees,...
Astrid Vermeer Named SVP/CFO at MBA

Astrid Vermeer Named SVP/CFO at MBA

by Phil Hall | Oct 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) has hired Astrid Vermeer as senior vice president and chief financial officer (CFO). In her new job, Vermeer will oversee MBA’s managerial accounting and financial operations, including financial reporting, budgeting,...
Mortgage Applications Down, Forbearance Levels Up

Mortgage Applications Down, Forbearance Levels Up

by Phil Hall | Oct 23, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity is in decline while forbearance levels are on the rise, according to data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 6.7% on a...
Mortage Application Activity and Credit Availability in Decline

Mortage Application Activity and Credit Availability in Decline

by Phil Hall | Oct 16, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed down for the week ending Oct. 11, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and...
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