Study Finds IMBs Originated 83% Of All Single-Family Mortgages In 2024
Community Home Lenders of America (CHLA) released its yearly research study report titled, “CHLA 2024 Report on Independent Mortgage Banks.” Here’s what it found:
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In The News
MBA Opens Doors Launches Disaster Relief Program For Children’s Hospital Los Angeles
The MBA Opens Doors Foundation (Opens Doors) launched the MBA Opens Doors Disaster Relief Program, which will provide an additional $100,000 to Children’s Hospital Los Angeles (CHLA) to support the children and families impacted by the Southern California wildfires.
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LERETA Announces Leadership Transition: Katie Brewer Named CEO As John Walsh Retires
LERETA, LLC (“LERETA”) announced that Katie Brewer has been named Chief Executive Officer (“CEO”). Ms. Brewer succeeds John Walsh, Chief Executive Officer since 2015, who is retiring and will continue to serve on the firm’s Board of Directors.
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MBA Calls On Senate To Confirm Scott Turner As HUD Secretary
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Senate Banking, Housing, and Urban Affairs Committee’s vote on Scott Turner’s confirmation to serve as Secretary of the Department of Housing and Urban Development (HUD):
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Mortgage Applications Increased 0.1 Percent From One Week Earlier
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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Profit Margins For Sellers Decrease For Second Straight Year
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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Share Of Mortgage Loans In Forbearance Decreases Slightly To 0.47% In December
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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MBA Promotes Megan Booth To Vice President Of Commercial/Multifamily Policy
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 Q4 2024 Homebuyer Intelligence Report Data Indicates Possible Improvement In Affordability
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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December New Home Purchase Mortgage Applications Increased 8.9 Percent
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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