Articles Tagged with ''MBA''

MBA: Uptick in mortgage rates slows purchase application growth

But refinances remain at the highest level since last year
A recent uptick in mortgage rates resulted in a slight decline of purchase applications, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said although borrowers were sensitive to rising rates, the refinance share of applications still remained at its highest level since January 2018.
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MBA: Declining mortgage rates push refinances to a 3-year high

The Market Composite Index rises a whopping 26.8%
Despite growing economic tension, mortgage applications continued to climb, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said purchase and refinance applications surged, driven mainly by lower mortgage rates.
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MBA: Economic uncertainty slows purchase application growth

Market Composite Index grows 1.5% from the previous week
Although mortgage applications increased slightly last week, mounting economic tension continues to worry buyers, according to the Mortgage Bankers Association. In fact, MBA Senior Vice President and Chief Economist Mike Fratantoni said potential homebuyers may be more cautious given the heightened economic uncertainty.
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Home prices will increase 4.7% in the next year, says new CoreLogic estimate

CoreLogic is more optimistic than other major forecasters such as NAR and MBA
Home prices will increase by 4.7% on a year-over-year basis from April 2019 to April 2020, according to a CoreLogic estimate. That will be a faster pace than the 3.6% gain in the prior year, the report said. CoreLogic's projection is above forecasts by the Mortgage Bankers Association, Fannie Mae and the National Association of Realtors.
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Multifamily lenders unprepared for end of LIBOR

Just 56% on track for a life without LIBOR
Many multifamily lenders are preparing for the end of LIBOR, but are waiting on regulators to make decisions before they take action. The vast majority of commercial and multifamily mortgage lenders report they are working on the transition away from LIBOR, but the devil is in the details.
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MBA: Global economic tension pushes mortgage applications even lower

Market Composite Index falls 3.3% from the previous week
Global economic headwinds continued to drive mortgage applications lower for the week ending May 24, 2019, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said even with lower rates on three of the five surveyed loan types, refinance activity fell 6%, essentially reversing an 8% increase the week before.
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MBA: Mortgage applications rise again, but how long will this growth last?

Expert says economic uncertainty could be hindering growth
Although mortgage applications slightly rose for the week ending May 17, 2019, ongoing trade concerns could be hindering growth, according to the MBA. MBA Vice President of Economic and Industry Forecasting Joel Kan said some potential homebuyers may be delaying their home search until there’s more economic certainty.
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MBA Secondary: FHA, Ginnie Mae, VA and USDA leaders outline policy updates

Discuss VA churn, DACA eligibility, upgraded technology and more
The leaders of the FHA, VA, USDA and Ginnie Mae who spoke on the government lending update panel at the MBA Secondary Conference on Tuesday are well aware that lenders and investors find working with their agencies discouragingly hard. Their session reflected the work they’re doing to change that experience, and outlined important policy revisions.
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MBA: Mortgage applications slide 0.6% from last week

Refinance applications fall for the fifth time in six weeks
Although rising on an annual bias, mortgage applications fell slightly for the week ending May 10, 2019, according to the Mortgage Bankers Association.Vice President of Economic and Industry Forecasting Joel Kan said it’s worth watching if the ongoing global trade disputes cause potential homebuyers to postpone their home searches.
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MBA: Commercial mortgage originations fall short in Q1

Mortgage originations rise 12% on an annual basis, but drop 34% from Q4
Although multifamily mortgage originations rose 12% year over year in Q1, they retreated 34% from the previous quarter, according to the Mortgage Bankers Association. Jamie Woodwell, MBA’s vice president of commercial real estate research, said first quarter volumes were higher for nearly every property type, and double-digit growth in loan volume for Fannie and Freddie led the increase among capital sources.
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