Items Tagged with 'MBA'

ARTICLES

  • MBA: Mortgage applications fall 4%

    Seasonally adjusted Purchase Index reaches 2-year-low
    Mortgage applications retreated 4% for the week ending November 2, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Director of Economic and Industry Forecasts Joel Kan said it’s evident that housing inventory shortages continue to impact prospective homebuyers this fall.
    Read More
  • Bloomberg article targets one of Fannie and Freddie's biggest naysayers

    Josh Rosner's beef with IRS grabs some media attention
    According to Robert Schmidt, reporting for Bloomberg, vocal GSE critic Josh Rosner, who successfully runs a financial services business, is claiming financial disability is responsible for him not filing taxes accordingly. And now, Rosner wants his refund but the IRS is saying, "not so fast, loudmouth."
    Read More
  • MBA: Mortgage applications fall 2.5%

    Climbing interest rates and stock market volatility to blame
    Mortgage applications fell 2.5% for the week ending October 26, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA AVP of Economic and Industry Forecasts Joel Kan said purchase applications may have been adversely impacted by the recent uptick in rates and significant stock market volatility.
    Read More
  • Multifamily lending hits all-new high in 2017

    Here were the top five multifamily lenders
    Multifamily lenders saw a great year in 2017, seeing an all-new record high for the year, according to a new study from the Mortgage Bankers Association. While 58% of active lenders made five or fewer multifamily loans in 2017, some lenders stood out above the rest. Read about the top five by mortgage volume.
    Read More
  • Hundreds of mortgage execs ask CFPB to change LO pay rules

    MBA members push for loan officers compensation change
    Almost 250 senior executives at some of the nation’s largest mortgage companies want the government to make changes to the rules surrounding how they’re allowed to pay their loan originators. Last week, the group of mortgage execs (organized by the Mortgage Bankers Association) sent a letter to the CFPB, calling on the bureau to change its Loan Originator Compensation rule.
    Read More
  • MBA: Mortgage applications reverse course, climb nearly 5%

    But purchase and refinance levels remain lower
    Mortgage applications reversed course, climbing 4.9% for the week ending October 19, 2018, according to data from the latest Mortgage Applications Survey from the Mortgage Bankers Association. MBA's AVP of Economic and Industry Forecasts Joel Kan said the previous week's Columbus Day holiday impacted refinance applications more so than purchases.
    Read More
  • This is how much purchasing power homebuyers lost this year

    Rising interest rates and mortgage payments could turn potential buyers away
    Home price growth and rate hikes have contributed to an uptick in monthly mortgage payments nationwide, leaving many prospective homebuyers speculating when it will be the right time to purchase a home. According to data collected from Redfin, purchasing power has dropped $29,750 in 2018.
    Read More
  • NAR: Existing home sales fall to 3-year low

    Home prices experience the 79th consecutive month of year-over-year gains
    After experiencing a flat August, existing home sales retreated in September, falling to the lowest level in nearly three years. NAR Chief Economist Lawrence Yun said that the decline in regional sales can be attributed to rising interest rates and the continuing climb of home prices.
    Read More
  • MBA: Mortgage applications fall further

    Refinance Index drops 9% from prior week
    Mortgage applications continued to decrease for the week ending October 12, 2018, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. According to the report, the average contract interest rate for 5/1 ARMs reached its highest level in series history once again.
    Read More