In August of 2015, 84% of purchase mortgage applications in the Mortgage Bankers Association’s Weekly Application Survey were for loans less than $417,000, the conforming loan limit in many geographies.
In a recent educational web seminar hosted by HousingWire, two industry experts discussed the legal requirements businesses need to know and best practices around satisfying requirements when moving to e-disclosure delivery of mortgage disclosures.
In the latest chart from the Mortgage Bankers Association’s chart series, the MBA put into perspective just how much the Federal Housing Finance Agency’s U.S. Purchase-only House Price Index has risen.
Young adults prefer single-family homes, and in fact, they are found to be more likely to reside in a single-family home today than their predecessors. And according to this research, the desire is only going to continue to grow.
Although mortgage applications to homebuilders declined in May following an improved start to the year, it’s not a bad mark for housing. Lynn Fisher, MBA’s vice president of Research and Economics, explains why.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More