Items Tagged with 'MBA'


  • 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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  • The cost of originating a mortgage just got ridiculous - again

    Lenders go negative for first time since 2014
    Lenders continue to struggle in the rising mortgage rate environment, reporting negative profits for the first time since Dodd-Frank compliance brought down profits in 2014. In fact, falling volume drove net production profitability into the red for only the second time since the inception of the MBA’s report in 2008.
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  • MBA finds Stevens successor: Meet the new president and CEO

    Robert Broeksmit set to take over in August
    This week, the Mortgage Bankers Association revealed its new president and CEO to take over this summer. Current president and CEO Dave Stevens announced he will be stepping down as of September 30, 2018, to allow the MBA time to choose a new leader. Now, the MBA has done just that.
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