Items Tagged with 'Mortgage Bankers Association'

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  • Freddie Mac: Mortgage rates increase for third consecutive week

    Consumer credit growth driving mortgage rates
    Mortgage rates climbed for the third consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the one-two punch of strong job and consumer credit growth drove mortgage rates up to their highest mark since the second of August.
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  • MBA: Mortgage applications can't seem to get ahead

    Refinance Index drops to lowest level in 18 years
    Mortgage applications fell 1.8% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 7, 2018. On an unadjusted basis, the Mortgage Composite Index decreased 13% from the previous week.
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  • MBA: Mortgage applications fall again

    Refi share of activity sees increase
    Mortgage applications continue to fall, dropping 0.1% from the previous week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 31, 2018.
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  • [Listen] HousingWire bids adieu to two mortgage lending titans

    David Stevens and Brad Blackwell reflect on their lending careers
    September marks the first official retirement days of two mortgage lending titans. In an exclusive interview with Jacob Gaffney, David Stevens, former head of the Mortgage Bankers Association, and Brad Blackwell, former EVP of housing policy and homeownership growth strategies at Wells Fargo Home Lending, reflect on their careers, friendship and where they think the industry is headed.
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  • Mortgage lenders once again turning a profit

    But production income still at all-time low for Q2
    Independent mortgage bankers pulled back into the black during the second quarter after seeing the worst quarter for profitability in years during the first quarter. However, even after rising from the first quarter’s loss, when measured in basis points, pre-tax net production income reached its lowest level for any second quarter since the inception of the MBA’s report in 2008.
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  • Mortgage applications return to decreasing trend

    Refinance index fall 3%
    After a week of positive numbers, mortgage applications returned to their decreasing trend, falling 1.7% from the previous week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 24, 2018.
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  • Robert Broeksmit officially takes over as MBA CEO

    Former CEO David Stevens to stay on 40 days to ease transition
    The Mortgage Bankers Association is now under new leadership. Robert Broeksmit is now officially the MBA’s president and CEO, telling MBA members this week that he is now formally in place at the trade group.
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  • Mortgage applications see 4.2% boost

    Refinance index sees slight increase
    Mortgage applications took a turn for the better this week, reversing course and increasing 4.2% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 17, 2018.
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  • Freddie Mac: Mortgage rates slightly fall

    Affordability plagues the housing industry
    Mortgage rates decreased slightly this week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says going forward, the strong economy will support the housing market, but affordability pressures will lead to continued softening in home price growth.
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