Articles Tagged with ''MBA''

MBA: Mortgage applications continue to fall as borrowers become less sensitive to lower rates

The Market Composite Index slides 2.4% from last week
Mortgage applications declined 2.4% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 5, 2018. The MBA pointed out that last week included an adjustment for the Fourth of July holiday. On an unadjusted basis, the index decreased a whopping 22% from last week.
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Appetite for jumbo loans increasing as jumbo credit availability rises to 8-year high

Overall credit availability increased slightly in June
It was easier to get a jumbo mortgage in June than it has been in any month since 2011, according to a new report from the Mortgage Bankers Association. The report showed that the availability of jumbo mortgage credit increased for the sixth straight month, rising to its highest level since 2011.
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MBA: Sliding mortgage rates not enough to boost growth in application volume

The Market Composite Index slides 0.1% from last week
Last week, mortgage rates fell to a three-year low, but not even this decline was enough to spur growth in purchase activity volume, according to the Mortgage Bankers Association. Despite this decline, MBA Vice President of Economic and Industry Forecasting Joel Kan said the nation's strong job market and improving affordability still have a chance to support growth.
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From HW Magazine

MBA Opens Doors Foundation: Taking care of the families of critically ill children

Providing rental and mortgage assistance for more than 2,000 families
Back in 2011, former MBA President and CEO Dave Stevens, his wife Mary Stevens, and Dan Arrigoni, the former president of U.S. Bank Home Mortgage, had a vision to help families with critically ill or injured children stay in their homes. This vision led to the Mortgage Bankers Association establishing the MBA Opens Doors Foundation, which helps families with sick children receive mortgage or rental payment assistance while a child receives medical treatment.
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MBA: Mortgage applications rise thanks to falling mortgage rates

The Market Composite Index rose 1.3% last week
Declining mortgage rates once again spurred an increase in mortgage applications, according to the Mortgage Bankers Association. On an unadjusted basis, the Market Composite Index rose 1.3% for the week ending June 21, 2019, according to MBA's weekly Mortgage Applications Survey.
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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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