Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2025.
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ATTOM released its Year-End 2024 U.S. Home Sales Report, which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8 percent return on investment.
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The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’ portfolio volume in the prior month to 0.47% as of December 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020.
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The Mortgage Bankers Association (MBA) promoted Megan Booth to Vice President of Commercial/Multifamily Policy. In her new role, Booth will manage the development and execution of MBA members’ policy objectives and goals and will serve as a staff lead on federal and state regulatory issues pertaining to commercial real estate finance.
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LenderLogix released the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home-buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process in the fourth quarter (Q4) of 2024. Here’s what the report concluded:
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2024 shows mortgage applications for new home purchases increased 8.9 percent compared from a year ago. Compared to November 2024, applications decreased by 3 percent. This change does not include any adjustment for typical seasonal patterns.
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Corporate Settlement Solutions (CSS), a full-suite provider of commercial and residential real estate settlement solutions, released results from its half-year Appraisal Price-Gap Analysis which provides the percent of homes that appraised over or under the sale price or appraised at the sale price (within $2,500.00).
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Planet Home Lending has hired Matt Payan as Senior Vice President, Distributed Retail Sales. Payan brings more than two decades of experience in retail mortgage sales leadership, branch operations, and driving high-performing sales teams, leveraging his strong 30-year finance background to increase profitability.
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BlackFin, a management consulting firm serving the Banking and Mortgage Industries, announced that its Professional Services team is now assisting mortgage teams at banks, credit unions, and independent mortgage bankers with the implementation of mortgage centric Artificial Intelligence (AI) tools.
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ServiceLink has added Adam McClure and Harold Sims as national account executives. In this new role the two will be tasked with forging new lender partnerships for ServiceLink’s origination division, focusing on helping lenders increase speed throughout the mortgage process, extend their digital workflow, reduce costs and enhance the consumer experience.
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