Items Tagged with 'Mortgage Bankers Association'

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  • Mortgage applications can't stay afloat

    Applications fall 3.2% from previous week
    Mortgage applications fell 3.2% for the week ending November 9, 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 recent volatility in the financial markets and increasing rates continue to adversely impact mortgage application activity.
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  • Multifamily lending on track to break records again in 2018

    MBA projects commercial and multifamily originations will set new record
    As the Mortgage Bankers Association reported recently, multifamily lending hit a record high last year…and things are looking even better this year. The MBA released a brief updated forecast this week, which states that multifamily lending is on track to set another record in 2018.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • Two channels battle for the purchase mortgage market

    Both sides showing very different strategies to success
    Last week, industry leaders gathered to share perspectives on rising rates, innovation and purchase origination at MBA Annual in Washington, D.C. and AIME FUSE in Las Vegas. All origination channels are facing the same market conditions, but market leaders are taking very different approaches to succeed in this rising rate, purchase-driven market.
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