MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the passage of the bipartisan Homebuyers’ Privacy Protection Act (S. 3502) in the U.S. Senate:
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Mortgage applications decreased 21.9 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 27, 2024. The results include an adjustment to account for the Christmas holiday.
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Our existing awards all acknowledge the good work that executives are doing now, but we think it’s time to reward future work and initiatives. The 2024 Thought Leader Award Winners are …
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Home Value Lock, a market value insurance product for homebuyers, is now available through Century 21’s Select Real Estate. The Sacramento-area real estate group announced that it will provide clients the option to benefit from market value protection for their new home at no additional cost.
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Intercontinental Exchange, Inc. (NYSE:ICE), a provider of technology and data, reports the following “first look” at November 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
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The Consumer Financial Protection Bureau (CFPB) sued Rocket Homes to stop them from providing incentives to real estate brokers and agents in exchange for steering homebuyers to Rocket Mortgage, LLC for loans. The CFPB also sued Jason Mitchell, his real estate brokerage firm, JMG Holding Partners LLC, which does business as The Jason Mitchell Group, and the individual real estate brokerage companies in the 41 states and the District of Columbia where it does business (The Mitchell Group), for their role in the unlawful scheme.
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The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.50% as of November 30, 2024. According to MBA’s estimate, 250,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020.
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At the 2024 President’s Gala held on Friday, December 6th, at Georgia Military College (GMC), GMC President Lieutenant General William B. Caldwell IV, USA (Ret.) proudly announced this year’s recipient of the President’s Leadership Award: Mr. Rob Posner, Founder and CEO of NewDay USA, and longtime friend and supporter of the students and cadets at GMC.
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Homebuyer affordability declined in November, with the national median payment applied for by purchase applicants increasing to $2,133 from $2,127 from October. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
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