Articles Tagged with ''MBA''

Applications Show Refi Wear-Out?

Mortgage application volume for the week ending Dec. 26 remained "essentially unchanged" on a seasonally adjusted basis from the previous week, according to a weekly survey released Wednesday by the Mortgage Bankers Association (MBA). Without adjusting for the shortened Christmas week, the MBA's index decreased 40 percent from the week before but showed a 155 percent growth from the same week in 2007.
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Troubled Mortgages Near 10 Percent of Borrowers, MBA Says

Single-family residential delinquencies soared to nearly 7 percent during the third quarter, reaching 6.99 percent in the Mortgage Bankers Association's latest delinquency survey data; that's up 140 basis points from one year ago and 58 points from Q2 on a seasonally-adjusted basis. In other words: we continue to have a problem.
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Government Share of Mortgage Apps Soars: Report

The latest proof of the government's growing influence in the mortgage banking sector came Tuesday morning from the Mortgage Bankers Association, which said that of all mortgage applications taken during the month of October, 32.9 percent were for government-insured loans -- primarily borrowers looking to apply for an FHA-eligible loan, although VA loans are included in the total as well -- compared to 10.3 percent one year ago.
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Mortgage Applications Send Mixed Signals, Again

Did mortgage applications fall or merely remain flat? The answer, as has been the case throughout the current industry crisis, depends on your data source. Data released Wednesday morning by the Mortgage Bankers Association suggested that applications fell a seasonally-adjusted 6.2 percent for the week ended Nov. 14, as purchase applications tanked despite lower average mortgage rates.
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REO Sales Boost Mortgage Applications

Mortgage applications bounced last week as distressed mortgage sales appear to have driven much of an increase in applications, with the Mortgage Bankers Association reporting Thursday morning that its composite index of refinance and purchase application volume rose 11.9 percent on a seasonally-adjusted basis to 425.0 for the week ended Nov. 7.
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MBA Launches Effort to Restore Secondary Mortgage Market

It's a concern that's been echoed by more than a few market participants with increasing regularity in recent months: is securitization dead? Where will mortgage liquidity come from going forward? (For those curious on an expert take on the matter, BTW, HW contributor Linda Lowell tackled the subject in-depth within her column in the inaugural issue of HousingWire Magazine -- you can subscribe here).
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Mortgage Applications: Rise or Fall?

Mortgage Bankers Association released its weekly survey for the week ending October 3, in which they found that loan application volume increased a slight 2.2 percent on a seasonally adjusted basis from one week earlier, and fell 28.6 percent compared to the same week in 2007. While the amount of refinance applications was up 0.9 percent from the week ending on September 26, the purchase index saw a greater increase -- explaining the decrease in the refinance share of mortgage activity from 44 percent to 43.4 percent.
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MBA Names New Chief Economist

After former chief economist Doug Duncan jumped to Fannie Mae in March, the Mortgage Bankers Association said late Tuesday that it has tapped Jay Brinkmann as Duncan's replacement.
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Mortgage Applications Fall to Lowest Level in Six Years

Mortgage applications headed downward again last week, reaching levels not seen since 2002 as refinance volume continues to shrink and purchase applications remain at historically low levels. The Mortgage Bankers Association said Wednesday morning that its weekly survey of applications found a 1.5 percent decrease in its composite application index, to 419.3 for the week ended Aug. 15. That total was off 34.2 percent compared to year-ago application volume.
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Mortgage Apps Drop as Rates Rise: MBA

Rising rates helped push consumers out of the market for a mortgage, according to statistics released Wednesday by the Mortgage Bankers Association. The group's weekly application survey found that a composite index fell 1.5 percent to a seasonally-adjusted reading of 425.9 for the week ended Aug. 8; applications are down a whopping 36.9 percent versus year-ago levels.
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