Tag Archives: Mortgage Bankers Association

Mortgage applications continued to dip last week as November got under way, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey. The survey's Market Composite Index, a measure of loan application volume, fell 1.8 percent for the week ending November 8. Volume data for the week ending November 1 was revised upward to reflect a 2.8 percent drop (compared to the originally reported 7 percent decrease). On an unadjusted basis, last week's index was down 3 percent.

The Mortgage Bankers Association's (MBA) latest analysis of underwriting criteria shows mortgage credit availability opened up in October. MBA's Mortgage Credit Availability Index (MCAI) increased 0.7 percent last month to 111.5, putting a stop to declines recorded in the previous two months. According to the association, October's gain reflects a reduction in minimum credit scores by investors on certain products; that was offset slightly by other investors reducing the availability of cash-out refinances and limiting other programs.

Bill Griffin, EVP at Lender Processing Services (LPS), has been elected to serve on the Mortgage Bankers Association's (MBA) board of directors, the company announced.

Mortgage application volume increased throughout October, but a substantial decline recorded in the month's final days has experts at Capital Economics doubting that the trend will continue for the time being. Using application numbers released by the Mortgage Bankers Association (MBA), Capital Economics calculated a 7.5 percent increase in applications in October, pulling activity up from a five-month streak of declines. However, for the week ending November 1, MBA reported a 7.0 percent drop.

MBA Education, an educational initiative launched by the Mortgage Bankers Association (MBA), presented E. Michael Rosser, CMB, with its inaugural MBA Education Lifetime Achievement Award.

After staying mostly flat through mid-October, mortgage application volume jumped for the week ending October 25, the Mortgage Bankers Association (MBA) found in its Weekly Mortgage Applications Survey. MBA's Market Composite Index, a measure of loan application volume, increased 6.4 percent on a seasonally adjusted basis from the prior week. Having experienced a shaky summer, the Refinance Index bumped up 9 percent week-over-week.

Next year's mortgage numbers are on track to fall off by nearly a third as the decline in refinances outpaces the slow growth of purchase originations, according to an MBA forecast.

Mortgage Bankers Association (MBA) president and CEO David Stevens took the stage at the group's 100th Annual Convention and Expo Monday morning, reflecting on the last century in housing and shining a spotlight on today's challenges. While he notes that the government's response to the economic crisis has seen its share of successes, he also says Washington needs to recognize and take responsibility for the shortcomings of its policies, a step he believes policymakers have been reluctant to take.

The Mortgage Bankers Association (MBA) started off its 100th Annual Convention Sunday with the election and swearing-in of its board of directors for the 2014 membership year.

The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey shows loan application volume fell a seasonally adjusted 0.6 percent for the week ending October 18.