Tag Archives: Mortgage Bankers Association

As the first government shutdown in nearly 20 years marches on, the Mortgage Bankers Association's (MBA) David Stevens is urging lawmakers to consider the impact that an ongoing shutdown will have on the housing market. Stevens, president and CEO of the trade group, pointed out that while furloughs are currently impacting the out-of-work government employees the most, the effects of a long-term crisis are sure to spread, with lenders having to wait for tax transcripts, Social Security number verification, and other required items.

Jay Brinkmann, chief economist of the Mortgage Bankers Association (MBA), has announced that he will retire in early 2014.

Using weekly data released by the Mortgage Bankers Association (MBA), Capital Economics economist Paul Diggle calculated a 7.7 percent drop in mortgage applications from August to September.

Mortgage application activity increased for the second straight week in September while mortgage interest rates continued to ease, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey. The survey's Market Composite Index increased 5.5 percent on a seasonally adjusted basis for the week ending September 20. On an unadjusted basis, the index increased an even 5 percent week-over-week. Purchase activity was strong, with that index climbing 7 percent (seasonally adjusted) from the week prior.

The Mortgage Bankers Association (MBA) has appointed Harry Gardner to the board of directors for the Mortgage Industry Standards Maintenance Organization (MISMO), the trade group announced.

A slight decline in interest rates helped boost mortgage application volume last week, the Mortgage Bankers Association (MBA) reported Wednesday in its Weekly Mortgage Applications Survey. The survey's Market Composite Index, a measure of loan application volume, increased 11.2 percent on a seasonally adjusted basis for the week ending September 13. The weekly improvement was aided in part by a rebound in refinance activity, which increased 18 percent from the previous week.

Data from the Mortgage Bankers Association (MBA) for August shows mortgage applications for new home purchases declined compared to July. According to MBA's monthly Builder Application Survey (BAS), loan applications for the purchase of new homes fell 14 percent month-over-month in August. Taking information from the BAS--as well as assumptions regarding market coverage and other factors--MBA estimates sales of new single-family homes ran at a seasonally adjusted annual rate of 424,000 in August.

Genworth U.S. Mortgage Insurance (USMI) and the Mortgage Bankers Association (MBA) announced Tuesday that a redesigned training curriculum for CampusMBA's CRU Specialist Designation will soon be available.

Mortgage refinance applications went into free-fall last week as interest rates came back up, according to data in the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The survey's Market Composite Index, a measure of loan application volume, dropped 13.5 percent on a seasonally adjusted basis for the week ending September 6. The Refinance Index fell 20 percent week-over-week, bringing it to its lowest level since June 2009.

The Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI) decreased 0.7 percent month-over-month in August.