Home >> Tag Archives: Mortgage Bankers Association (page 30)

Tag Archives: Mortgage Bankers Association

Mortgage Applications Fall 7.1%, Prompted by Refinance Decline

Mortgage applications decreased 7.1 percent over the week last week with an 8 percent decline in refinance applications contributing largely to the decrease, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey. The decline was the same for an unadjusted and seasonally adjusted index. The percentage of mortgage applications made up by refinance applications fell slightly from 80 percent the previous week to 79 percent for the week. Interest rates for 30-year fixed-rate loans ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô with both conforming and jumbo loan balances ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô increased slightly for the week.

Read More »

Mortgage Applications Jump Highest Since 2009: MBA

Mortgage applications jumped by 18 percent from the week earlier, riding a refinance wave to numbers not seen since 2009, according to the Mortgage Bankers Association. The trade group found that the Refinance Index climbed up by over 19 percent from the week before, reaching the highest level for an index since April 2009. The refinance share of mortgage activity soared to 79 percent of total volume. He added that loans refinanced through the Home Affordable Refinance Program steadied in recent weeks.

Read More »

Homeowners Driving More Mortgage Purchases in New England

Record-breaking low mortgage rates and rising home sales are leading to increase mortgage activity in New England, according to The Warren Group's Mortgage MarketShare Module. According to the data, Massachusetts, Connecticut, and Rhode Island have all seen strong mortgage activity so far in 2012, with Massachusetts showing the strongest numbers. Activity in the state is up more than 28 percent, rising to 99,097 in the first four months of the year ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô an increase from 76,930 during the same period in 2011. Purchase mortgages increased almost 13 percent year-over-year to 13,376.

Read More »

Don’t Believe All the Downturn Hype: Capital Economics

Negative reports on the economy may be shaking up confidence, but Capital Economics released a report Friday stating that in their view, the foundations for a sustainable recovery are still in place. The employment situation in the U.S. and issues overseas such as the euro-zone crises are all taking a toll on the economy and consumer confidence. Yet, there are still reasons to make the argument that the recovery is not going to be derailed. Home sales and prices have increased, and mortgage affordability stays high.

Read More »

Slight Uptick in Applications Driven Solely by Refinances

Mortgage applications increased 1.3 percent on a seasonally adjusted basis in May, according to the Mortgage Bankers Association's latest mortgage application survey released Wednesday. The survey measured application data for the week ending June 1 and included an adjustment for the Memorial Day holiday. On a non-seasonally adjusted basis, application rates were not as strong, falling more than 9 percent from the previous week. Refinances continue to make up a large portion of mortgages, taking up 78 percent of activity for the week, up 1 percent from the previous week.

Read More »

Mortgage Applications Fell 1.3% Last Week: MBA

application

Despite record-low mortgage rates, mortgage applications fell 1.3 percent last week, according to the Mortgage Bankers Association. The trade group found that mortgage loan application volume declined by a seasonally adjusted 1.3 percent. It fell 1.6 percent on a seasonally unadjusted basis.The Refinance Index climbed down by 1.5 percent from the week before, with declines on the way for the seasonally adjusted Purchase Index by 0.6 percent. The same index went down by a seasonally unadjusted 1.8 percent.

Read More »

MBA President Leaves to Head Up SunTrust Mortgage

David H. Stevens, president and CEO of the Mortgage Bankers Association is leaving his post to assume the role of president of SunTrust Mortgage. Stevens will leave his current position June 30 and assume his new position at SunTrust July 16.

Read More »

Refi Boom Set to Fuel $200B More Originations in 2012

A surge in refinance applications could propel mortgage originations by more than $200 billion in 2012, increasing to $1.28 trillion, according to the Mortgage Bankers Association. The trade group attributed estimates ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô upwardly revised from $1.26 trillion in 2011 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô to account for a refinance boom sparked by the crises in debt-saddled Europe. The MBA said that it expected refinance originations would amount to $870 billion this year, an amount nearly identical to forecasts from last year, when HARP led the way in estimates.

Read More »

Refinance Applications Spike as Investors Leave Europe: MBA

Investors fleeing Europe once more helped drive mortgage refinance applications to 3.8 percent this week, up from the week before, according to the Mortgage Bankers Association. The MBA's Refinance Index climbed 5.6 percent from the week before, signaling a rise for the third consecutive week and helping reach highs not seen since February earlier this year. The four-week moving average ticked up by 4.83 for the index. The refinance share of mortgage activity leapt to 76.6 percent of total application volume.

Read More »

Mortgage Rates Fall to New Record Lows as Greece Titters

Interest rates for mortgage loans saw new, all-time lows this week as investors fled debt crises in Europe. Freddie Mac found the 30-year fixed-rate mortgage sliding to 3.79 percent, down from 3.83 percent last week and a far cry from 4.61 percent last year. The 15-year loan fell from 3.05 percent to 3.04 percent. Adjustable-rate mortgages went up. The finance Web site Bankrate.com likewise saw new record lows for mortgage rates, with the 30-year fixed-rate mortgage dropping below 4 percent for the first time by arriving at 3.97 percent.

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.