Articles Tagged with ''MBA''

Freddie Mac: Mortgage rates hit highest level this year

Unsold inventory rises the first time in three years
Mortgage rates inched forward this week, finally reaching its highest level since June 2017, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says although the economy is healthy, affordability is still a concern for the housing market.
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MBA: Mortgage applications reverse course in July, increase

Average contract interest rate for 5/1 ARMs reach highest survey level
Mortgage applications increased 2.5% from last week, and the average contract interest rate for 5/1 ARMs increased to its highest level in market survey history, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 6, 2018.
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MBA: Commercial/multifamily outstanding debt posts largest Q1 increase since recession

Commercial/multifamily debt is on the rise as each major investor class increases its holdings
Outstanding commercial/multifamily mortgage debt just posted the largest first quarter increase since before the Great Recession, a report from the Mortgage Bankers Association shows. MBA Vice President of Commercial Real Estate Research Jamie Woodwell said that this is an encouraging sign that indicates a strong market.
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MBA, NMHC, others call on CFPB to change multifamily HMDA rules

Want exemption from HMDA reporting for business-to-business loans
The Mortgage Bankers Association, the National Multifamily Housing Council, and several other prominent trade groups are calling on the Consumer Financial Protection Bureau to change the Home Mortgage Disclosure Act rules for multifamily lending. The groups want the CFPB to completely exempt multifamily business-to-business lending from HMDA reporting requirements.
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MBA: Refis boost mortgage applications

Application activity increase 5.1%
Mortgage applications reversed course this week, increasing 5.1% from last week, with the Refinance Index increasing 6%. However, Federal Housing Administration applications dipped slightly, from 10.6% to 10.1%.
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MBA: Delinquencies remain at rock bottom for commercial/multifamily loans

New report shows that delinquencies remain near 0% for five major investor types
Delinquency rates for commercial and multifamily mortgage loans remain about as low as they can get, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report. Five of the major investor types have delinquency rates hovering near 0%.
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