Articles Tagged with ''MBA''

MBA: Mortgage applications fall further

Market Composite index retreats 3% from the previous week
Mortgage applications slid further for the week ending Jan. 25, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said mortgage applications for purchase and refinances were lower over the past week as rates nudged higher.
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MBA: Mortgage applications fall 2.7%

Refinance Index also retreats 5%
Mortgage applications moderately fell for the week ending Jan. 18, 2019, according to the latest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said mortgage application activity cooled off last week after two consecutive weeks of sizable increases.
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MBA appoints new chairman of political action committee

Equity Prime Mortgage President Eddy Perez to represent MBA interests on Capitol Hill
The Mortgage Bankers Association has named Equity Prime Mortgage President Eddy Perez chairman of MORPAC, its political action committee. As such, Perez will represent MBA’s interest on Capitol Hill for the 2019-2020 election cycle.
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MBA: Mortgage applications push forward

Increase 13.5% from the previous week
Despite U.S. economic volatility, mortgage applications pushed forward for the week ending Jan. 11, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey.
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MBA: Mortgage applications jump more than 20%

Increase 23.5% from the previous week
Mortgage applications reversed course, rising 23.5% for the week ending Jan 4, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. Notably, this week’s reading includes adjustments to account for the New Year’s holiday.
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IRS to resume income verification for mortgage applicants amid shutdown

Responds to trade group pressure to make tax transcripts available to lenders
The Internal Revenue Service will resume processing lender requests for tax transcripts to verify income for mortgage applicants despite the government shutdown. On Monday, the IRS announced it will begin working through the backlog of requests that have piled up since December 22 and that the employees involved will return to work.
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American Financial Resources COO Bill Packer to chair MBA's tech forum

Industry veteran will lead RESTECH
The Mortgage Bankers Association has named American Financial Resources COO Bill Packer chairman of its Residential Technology Forum. "MBA is committed to bringing industry leaders and tech experts together to address the challenges and opportunities facing our members, investors and consumers," said MBA SVP and Chief Economist Mike Fratantoni.
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U.S. economy adds 312,000 jobs in December

Unemployment at 3.9%, fastest growth since February 2018
The unemployment rate increased to 3.9% in December, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. According to the report, the number of unemployed persons rose 276,000 jobs to 6.3 million in December.
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MBA: Mortgage applications fall nearly 10%

Economic concerns and uncertainty around the government shutdown drove rates lower
Mortgage applications retreated 9.8% for the week ending Dec. 28, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. Notably, this week’s reading includes adjustments to account for the Christmas holiday.
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