Items Tagged with 'MBA'

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MBA: Mortgage applications flip 180 degrees

Refinance activity drops as purchase activity soars
The frenzy surrounding mortgage applications in the wake of Brexit is starting to wane as refinance applications post a slight drop in the latest report from the Mortgage Bankers Association. Instead, a different category is starting to shine: purchase applications.
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MBA: Mortgage apps continue to increase

30-year fixed-rate mortgage decrease to lowest level since 2013
Mortgage applications are up, along with refinances as the mortgage interest rates continue to drop. With rates nearing their all-time lows, many borrowers look to lock in their rate.
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Record low interest rates? Ha! It's still getting harder to get a mortgage

MBA report shows mortgage credit availability decreases again in June
Mortgage interest rates are nearing all-time record lows and mortgage applications are up, all thanks to the Brexit, but it looks like those figures may not lead to a huge jump in actual mortgages being taken out, because it's still getting harder to get a mortgage. Here's the sobering news.
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The Brexit impact is real: Refis jump to 18-month high

30-year conforming loans hit lowest level in more than 3 years
Brexit’s impact on mortgage applications is here, and it looks like borrowers cashed in on the ultra-low interest rates. Last week's applications didn’t show any signs of Brexit given the delay in impact from U.S. Treasury yields effect on interest rates. That all changed with the latest round of apps news.
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[Factsheet] How much $$$ do mortgage banks make?

An overview of the past two years
Mortgage brokers eagerly welcomed a bigger paycheck at the start of this year after the end of 2015 significantly shorted the income of many in the business. To show exactly how mortgage banker profit has changed, this week's factsheet shows mortgage banker profit over the course of the past two years, using data from the Mortgage Bankers Association’s Quarterly Performance Report.
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MBA: Mortgage applications fall despite record low interest rates

Moves back to its previous downward trend
Mortgage interest rates fell to new lows, dating back to levels witnessed three years ago, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association. But despite the new lows, mortgage applications still dropped, reverting back to its previous downward trend.
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Monday Morning Cup of Coffee: The 10 commandments of flipping a house

Playboy Mansion finally finds a buyer
First off, congrats to the five winners of the Mortgage Bankers Association and Internal Revenue Service’s tax design challenge. The Playboy Mansion finally found a buyer, but the controversial price tag of it became a lot more realistic. Also, check out the 10 commandments of choosing a profitable house to flip.
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Ginnie Mae president: This is why independent banks need more access to credit

Notes from the MBA Secondary conference
The search for innovative ways to raise capital was the number one topic during the president of Ginnie Mae’s many conversations at the MBA Secondary Conference. Independent mortgage bankers do a tremendous job in opening the credit box for many borrowers. But what will happen to that credit access in the future if these institutions cannot find a way to access additional capital?
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