Tag Archives: Mortgage Bankers Association

The Mortgage Bankers Association's (MBA) Mike Fratantoni has been appointed chief economist following the departure of Jay Brinkmann.

Purchase share continued to inch up in September as refinances receded, according to data presented by Ellie Mae in the company's Origination Insight Report.

The Mortgage Industry Standards Maintenance Organization (MISMO) announced Wednesday the release of its Residential Reference Model Version 3.3 for public comment.

The Mortgage Bankers Association (MBA) has appointed Tricia Migliazzo as VP of membership for the association's Residential Policy & Member Services Group.

The Mortgage Bankers Association's (MBA) Market Composite Index increased 0.3 percent on a seasonally adjusted basis for the week ending October 11.

With Federal Housing Finance Agency (FHFA) Acting Director Edward DeMarco considering lowering loan limits for the GSEs, congressional and industry leaders are speaking out against such a plan, saying it poses a threat of hindering the housing recovery. In the last week, the Mortgage Bankers Association, National Association of Federal Credit Unions, and 66 House representatives have all written to DeMarco, decrying the potential move and even questioning its legality.

Multifamily lenders provided a total of $146.1 billion in new mortgages for apartments with five or more units--a 33 percent increase from 2011, according to data from the Mortgage Bankers Association (MBA). "In many ways we were in a golden age of multifamily finance in 2012, that to a large extent continues today," said Jamie Woodwell, MBA's VP of commercial real estate finance. "Low interest rates, strong property fundamentals and increasing multifamily property prices are all supporting a very favorable lending environment."

Builder data tracked by the Mortgage Bankers Association (MBA) indicates mortgage applications for new home purchases decreased from August to September. MBA's monthly Builder Application Survey (BAS) suggests new home purchase application volume declined 1 percent month-over-month in September. Using that data and other assumptions regarding market coverage, MBA estimates sales of new single-family homes ran at an adjusted annual rate of 459,000.

The Mortgage Bankers Association (MBA) reported on Wednesday an increase in mortgage application volume to start October. According to data in MBA's Weekly Mortgage Applications Survey, loan application volume increased 1.3 percent (seasonally adjusted) for the week ending October 4. After tumbling for most of the summer, MBA's Refinance Index increased 3 percent week-over-week, rising to its highest level in almost two months. The Purchase Index fell, meanwhile, dipping 1 percent.

The Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI) decreased 0.7 percent in September to 110.7. "Credit availability tightened last month as more lenders removed program offerings with loan terms greater than 30 years and/or interest-only features, similar to the trend we observed last month," said Mike Fratantoni, MBA's VP of research and economics. "[W]e believe this reflects lenders' implementation of the Ability to Repay/Qualified Mortgage regulation which comes fully into effect in January."