Items Tagged with 'Mortgage Bankers Association'

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FHFA principal reduction plan garners mixed reaction from housing industry

Some love it, others not so much
It’s only been a short time since the Federal Housing Finance Agency shook up the housing industry by announcing that it plans to begin offering principal reductions to certain borrowers, but reactions from both sides are beginning to trickle in. Some in the housing industry love it, some believe that the FHFA's plan doesn't go far enough, while others are concerned that the program sets a "dangerous precedent."
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Collateral Analytics appoints new SVP

Robert Walker fills position of customer retention and acquisition technologies
Collateral Analytics announced it appointed real estate data and analytics industry veteran Robert Walker to the role of senior vice president of customer retention and acquisition technologies.
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MBA: Purchase applications surge to new high

Highest level since October 2015
Purchase applications took front and center in the latest report from the Mortgage Bankers Association, with applications reaching their second-highest level since May 2010. However, refinance applications weren't too far behind, reaching their highest level since February 2016.
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Independent mortgage bankers see increased profits in 2015

Profits are up for the year, despite losses in 4Q
Despite losses throughout the second half of the year due to increased TRID regulations, the Mortgage Bankers Association reports an increase in profits for 2015. The stronger start at the beginning of the year helped keep profits up from 2014 and offset the impacts of TRID.
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MBA promotes William Kooper to vice president

Kooper joined the association in 2001
The Mortgage Bankers Association's latest hire, William Kooper, will be responsible for overseeing and coordinating all aspects of MBA’s state government affairs program and will serve as the principal staff representative to the State Relations Initiative.
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MBA: Refinance demand making a comeback?

Mortgage apps rise 2.7%
Given recent comments from the Fed, spring home-buying season and low interest rates, there are a lot of factors at play in the housing market. As a result, only one week after reporting that refinance demand was dwindling, it managed to bounce back. And according to a recent report, there is still a lot of untapped potential in the refinance market.
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