Items Tagged with 'Mortgage Bankers Association'

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MBA: Mortgage applications drop back down

Share of refinance applications dips to new low
Mortgage applications dropped in the Mortgage Bankers Association’s latest survey. The decline follows a recent seesaw in mortgage applications, as refinance volume falls to record lows. But as applications waver, the average loan size for purchase applications jumped to a survey high.
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Homeowners keep getting better at paying their mortgage

Loans in the process of foreclosure at lowest level since 2007
Consumers are steadily getting better at paying their mortgage with fewer and fewer loans moving into the foreclosure process. Two recent reports showcase this trend: The National Delinquency Survey and the S&P/Experian Consumer Credit Default Indices report. Here’s how they rate the current state of the default market.
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MBA: Mortgage applications post slight uptick

Purchase demand on the rise
Mortgage applications marginally increased from one week earlier thanks to a boost in purchase demand. Both the seasonally adjusted Purchase Index and the seasonally adjusted Conventional Purchase Index reached new highs in the latest report.
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MBA: Mortgage applications stagnant as April wraps up

Refinance volume drops back down
It was a quiet week on the mortgage front, with applications decreasing from one week earlier, according to the latest Mortgage Bankers Association Weekly Mortgage Applications Survey. Meanwhile, refinance volume dropped back down after increasing in the previous report.
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MBA comes out in support of Financial CHOICE Act, with some conditions

Proposes these changes for the CFPB
The Republican-led Financial CHOICE Act, H.R. 10., is currently under review by the Financial Services Committee as it begins the process to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act. Democrat and Republican committee members are already at war over of the details of the act, and now, the Mortgage Bankers Association, the largest trade group in the mortgage finance space, is weighing in on the discussion.
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Is the current political environment too risky to open affordable housing discussion?

MBA Secondary panelists explain risks
During a panel at MBA secondary in New York City, panelists explained the risks of putting topics such as affordable housing reform through the legislative process during the current political environment. One panelist explained affordable housing reform stands to lose more than it would gain, and that new legislation may not be the best path forward.
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Consensus from MBA Secondary: The time for GSE reform is now

FHFA acting deputy director gives an update on the secondary market
At the Mortgage Bankers Association’s Secondary conference in New York City, the FHFA gave an update on the secondary market in one of the first sessions of the day. FHFA’s acting deputy director gave the latest info on the credit box and touched on one of this year’s hottest topics – GSE reform.
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Housing industry praises Trump's selection of Pam Patenaude as HUD deputy secretary

Support comes in from all sides
For those in the housing industry, Pam Patenaude’s name is well known. So, it should come as no shock that the housing industry supports the Trump administration’s nomination of Patenaude to serve as the HUD deputy secretary. Declarations of support for Patenaude came in quickly after the White House’s announcement of her nomination, including from some of the housing industry’s biggest groups, and from Patenaude’s potential boss at HUD.
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