The average loan balance for first mortgages increased to a new high of $312,306 in Q4, resulting in negative net gains on each loan originated.
Read More »Mortgage Applications Decreased 7.1% for New Home Purchases
The MBA estimates new single-family home sales will continue running at a seasonally adjusted annual rate of 887,000 units in December 2021.
Read More »Beyond the Transaction
For many consumers, the mortgage process is boiled down to a transactional experience focused on the lowest rate offers. Taking the longer view may yield a better outcome for borrowers.
Read More »Expert Insights: Recognizing Resilience
As forbearance programs begin to end, understanding consumer resilience will help both lenders and consumers.
Read More »Residential Construction at 14-Year High
One economist described 2020 as "the strongest [year] for residential construction since 2006.” Click through to read about the latest housing market data.
Read More »Industry Trade Groups Eager to Work with Biden Administration
A broad array of industry spokespersons discussed how the new administration can work with the industry, as well as voicing some concerns over the departure of Kathleen Kraninger from the CFPB.
Read More »Lower Refinance Activity Drives Down Mortgage Application Levels
An economist also noted that “homebuyers in early 2021 continue to seek newer, larger homes.”
Read More »Mortgage Applications Soar While Rates Inch Up
While economists expect mortgage rates to increase modestly in 2021, they will remain categorically low, supporting homebuyer demand and leading to continued refinance activity.
Read More »Refinances Fuel Spike in Mortgage Applications
The Refinance Index was 93% higher year-over-year. Click here to learn more about the latest data.
Read More »What Drove Mortgage Industry Gains in the Third Quarter?
The latest Quarterly Mortgage Bankers Performance Report from the Mortgage Bankers Association (MBA) for this year’s third quarter shows an increase in profits for independent mortgage banks (IMBs) ...
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