David Stevens David H. Stevens, who served as president and CEO of the Mortgage Bankers Association (MBA) from 2011 until 2018, passed away this week. Stevens had a long and successful career in real estate and mortgage finance that started at World Savings and included leadership roles at Freddie Mac, Wells Fargo, and Long &
In 2023, the U.S. housing market experienced a significant downturn, with existing home sales reaching their lowest levels in over a decade. “Among the four major U.S. regions, sales slipped in the Midwest and South, rose in the West and were unchanged in the Northeast,” according to the National Association of Realtors. This decline was
So far, 2024 has been distinctly different from the end of 2023. November and December saw rates move lower at one of the fastest paces in decades. In contrast, January has delivered a fairly consistent uptrend with the average lender now at the highest levels in more than a month. Frustratingly, widespread media coverage suggested
Millions of Americans won’t be reminded of financing a home this Super Bowl Sunday. Industry giants Rocket Mortgage and United Wholesale Mortgage confirmed they won’t be airing advertisements during the NFL’s marquee event in Las Vegas Feb. 11, as they have in years past. The companies have seven Super Bowl commercial appearances between them, which
A condominium (not pictured) recently listed on Zillow is turning some heads with its property overview. (Getty Images) (NewsNation) — Fannie Mae, a government-controlled mortgage company, proposed a new plan that could help homeowners save hundreds on closing a mortgage. The company announced last month that it is looking at expanding the types of mortgages
If you’re in Chicago, the newest attraction is “the rat hole.” Here in Denver, besides the cat I saw in the airport yesterday being walked on a leash, one attraction is the National Ice Core Lab, where, you guessed it, ice sample cores from all over the world are kept for research purposes at temperatures
Crunching the numbers to excel in the purchase market “Currently, we have 50 million people in this country between 30 and 40,” Fratantoni said. “We generate about a million and a half households a year. By comparison, from 2000 to 2015, it was closer to a million a year. So we’re generating 50% more households
Former Mortgage Bankers Association President David Stevens has passed away at the age of 66. Those in the industry were well acquainted with his cancer battle which spanned numerous years. He retired from the organization in August 2018 after announcing that he was in remission. Many colleagues have since shared their tributes. Current MBA President
...FLOOD WARNING FOR AN ICE JAM NOW IN EFFECT UNTIL 215 PM MST SATURDAY... * WHAT...Flooding caused by an ice jam on the Big Horn River at General Custer Fishing Access Road continues. * WHERE...Portions of south central and southeast Montana, including the following counties, in south central Montana, Big Horn and Yellowstone. In southeast
Nationwide — Author Mujiba Salaam Parker, “The Empowerment Queen,” has released a new report called How I Paid Off My 30-Year Mortgage in Less Than 3 Years! that teaches homeowners how to pay off their mortgages fast, which will save them $100,000 or more in interest and mortgage insurance. The report teaches homeowners how they