The Mortgage Bankers Association (MBA) reported Thursday that applications for new home purchases fell 0.4 percent month-over-month in December. Despite the drop in applications, MBA estimates that new home sales in December came to an unadjusted 28,000, flat from November, while the seasonally adjusted annual sales rate moved up 2 percent to 409,000.
Read More »Mortgage Applications Post Biggest Increase in Six Years
The Mortgage Bankers Association (MBA) reported Wednesday that mortgage application volumes jumped by a seasonally adjusted 49.1 percent for the week ending January 9. The surge—the largest weekly increase since 2008, MBA said—followed a sharp drop in 2014's closing weeks.
Read More »High-LTV Programs Lift Mortgage Availability in December
The Mortgage Bankers Association (MBA) reported Thursday that its Mortgage Credit Availability Index (MCAI) edged up to a reading of 115.7 in December. The clear driver behind the increase was an announcement earlier in the month that both Fannie Mae and Freddie Mac are launching new 97 percent loan-to-value (LTV) mortgage programs for qualifying homebuyers, said Mike Fratantoni, MBA's chief economist.
Read More »FHA Cost Cut Draws Mix of Praise, Skepticism
A day after the White House announced plans to cut the Federal Housing Administration's (FHA) mortgage insurance premium by 50 basis points, politicians and commentators are still wrestling with the reduction's potential impact on the housing market, the mortgage insurance industry, and the agency itself.
Read More »Mortgage Apps Drop Sharply in Year-End Survey
Total mortgage application volumes, including both purchase loans and refinances, fell 9.1 percent over the two weeks ending January 2, the Mortgage Bankers Association (MBA) reported Wednesday. The results include adjustments for the Christmas and New Year's Day holidays.
Read More »Mortgage Applications Rise in Latest Index
The Mortgage Bankers Association's (MBA) seasonally adjusted mortgage application index ticked up 0.9 percent for the week ending December 19, the trade group reported Wednesday. Unadjusted, the index rose 0.4 percent.
Read More »New Home Sales Sink 1.6% in November
Sales of newly built single-family properties fell 1.6 percent month-over-month to a seasonally adjusted annual rate of 438,000 in November, according to a report from the Commerce Department. October's sales rate was revised down to 445,000, meaning the month actually saw a decrease as opposed to the slight increase that was originally recorded.
Read More »MBA Names VP of Industry Technology
The Mortgage Bankers Association's (MBA) Rick Hill has been promoted to VP of industry technology, the group announced.
Read More »Mortgage Apps Fall Despite Declining Rates
The Mortgage Bankers Association's (MBA) survey of mortgage activity shows application volumes fell 3.3 percent for the week ending December 12. Taking out adjustments for seasonal influences, application numbers were down 4 percent week-over-week.
Read More »New Home Purchase Applications Plummet
The Mortgage Bankers Association (MBA) monthly survey of loan application volumes at home builders shows new home purchase activity was down 22 percent month-over-month in November, the group said Thursday. Looking at all indicators, MBA estimates new single-family home sales ran at a seasonally adjusted annual rate of 401,000 units last month, a 13 percent drop from the association's October estimate.
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