Items Tagged with 'MBA'

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MBA: New home purchases soared in January

Estimate surpassed expectations
Even though new home purchases dropped 6% in December, for the month of January, the Mortgage Bankers Association’s Builder Application Survey shows mortgage applications for new home purchases increased by 14%.
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Flint water crisis now impacts mortgage lending

Lenders must prove homes have safe water
The severity of the Flint, Michigan, water crisis continues to plague residents, and now there are questions about whether people will be able to sell their homes if they want to, as their homes may not meet livability standards required for a mortgage.
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MBA: Mortgages applications reverse trend, drop

30-year, FRM falls four weeks straight
After three weeks of steady increases, mortgage applications posted a drop, falling 2.6% from one week earlier. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances dropped to its lowest level since October 2015.
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MBA: Mortgage applications rise three weeks straight

Rates continue to trend lower
It was another strong week for mortgages, with applications rising and mortgage rates falling. In this week’s data, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) reached its lowest level since October 2015.
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[chart] MBA: How will oil concerns impact housing?

Here are employment trends in oil states
As concerns over falling oil prices start to plague housing, the Mortgage Bankers Association’s latest chart of the week examined the 2015 trend in employment in several states reliant on oil production to help put in perspective the potential impact to the housing market.
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MBA adds 25 new members in November and December

Growth of Mortgage Bankers Association continues
The Mortgage Bankers Association announced that it added 25 new members in the months of November and December, as it continues to push its membership beyond 2,200 organizations. Here are the new members.
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