Items Tagged with 'Mortgage Bankers Association'

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Refinance applications finally jump after weeks of historically low interest rates

Is the message finally getting through?
After weeks and weeks of historically low mortgage interest rates having little to no impact on the volume of refinance applications, it finally appears that consumers are getting the message about interest rates. According to a new report from the Mortgage Bankers Association, mortgage applications rose last week, with the increase coming entirely from refinance applications.
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Community lenders "baffled" to see major trade groups push "Wall Street" agenda

CMLA pushes back against MBA, NAR efforts on GSE reform
The battle lines surrounding the potential reform of Fannie Mae and Freddie Mac are becoming firmly drawn, with the Community Mortgage Lenders of America denouncing and rejecting a recent letter from several of the largest trade groups in housing that called for the Federal Housing Finance Agency to leave Fannie and Freddie reform to Congress.
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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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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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Here are the changes coming to MISMO membership structure

'Will encourage greater participation'
The Mortgage Industry Standards Maintenance Organization unveiled a new plan to promote greater participation. Starting next year, it will simplify its membership structure to support broader participation in the creation and use of its standards across the mortgage industry lifecycle.
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MBA: Mortgage credit still getting tighter

Low-down mortgages not boosting closings
The mortgage credit box tightened for the third month in a row, except this time, contrary to previous months, all four indices tightened. This is despite efforts to promote 3% down programs to loosen mortgage credit. Freddie Mac's vice president of affordable lending and access to credit explains what the hold-up is, and why conditions continue to tighten.
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MBA: Mortgage applications post another tepid week

Average loan size for purchase apps hits survey high
Despite the current low-mortgage rate environment, mortgage applications once again recorded a slow weak. However, one notable data point in this week’s survey is that the average loan size for purchase applications reached a survey high.
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