IMBs Report Production Losses in Fourth Quarter of 2024
March 14 2025 | |
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in the fourth quarter of 2024, a decrease from the reported net profit of $701 per loan in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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NAHB's Best in American Living Awards Highlight Top Design Trends for 2025
March 13 2025 | |
More than 600 projects and professionals in all sectors of the residential housing industry—including single-family production, multifamily development, remodeling and offsite construction—were honored at the 2024 Best in American Living™ Awards (BALA) ceremony during the 2025 International Builders’ Show, hosted by the National Association of Home Builders (NAHB) in Las Vegas.
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February New Home Purchase Mortgage Applications Decreased 6.9 Percent
March 13 2025 | |
“New home purchase activity strengthened in February, in line with seasonal patterns, as higher housing inventory and declining rates supported growth,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “However, applications to purchase newly built homes were lower than a year ago for the second straight month."
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Mortgage Applications Increase in Latest MBA Weekly Survey
March 12 2025 | |
"Mortgage rates declined for the sixth consecutive week, with the 30-year fixed rate dropping to 6.67 percent, the lowest level since October 2024. As a result, applications increased over the week and were up 31 percent from a year ago,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “As we enter the spring homebuying season, the purchase index was more than 4 percent higher than a year ago, and activity was up across all loan categories."
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NAR Commends Vice President Vance on Zoning Reform Remarks
March 11 2025 | |
"Zoning reform is essential to addressing the housing affordability crisis, and we welcome Vice President Vance's remarks today. Reducing regulatory barriers will encourage investment, increase supply, and help millions of Americans achieve homeownership. NAR has long supported efforts to make housing development easier and more cost-effective."
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Rocket Companies to Acquire Redfin, Accelerating Purchase Mortgage Strategy
March 10 2025 | |
"Rocket and Redfin have a unified vision of a better way to buy and sell homes," said Varun Krishna, CEO of Rocket Companies. "Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers."
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5 Key Supply-Side Headwinds Hurt Housing Supply, NAHB Tells Congress
March 04 2025 | |
Testifying before the House Financial Services Subcommittee on Housing and Insurance, NAHB Chairman Buddy Hughes, a home builder and developer from Lexington, N.C., said the “United States is facing a fever-pitched housing affordability crisis. Nearly 77% of U.S. households cannot afford a median-priced new home.”
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