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Tag Archives: Mortgage Bankers Association

Home Prices Recover to Near Pre-Crisis Levels

The Federal Housing Finance Agency recently determined that the U.S. Purchase-only House Price Index has recovered to pre-crisis levels recorded in April 2006, leaving the national index of house prices just 1.8 percent below the peak level of May 2007.

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Tight Lending Standards Cause Credit Availability Index to Drop

The Total Mortgage Credit Availability Index (MCAI) decreased in June, indicating that lending standards are tightening, according to a release from the Mortgage Bankers Association on Tuesday. The Total MCAI, which was benchmarked to 100 in March 2012, declined by 0.5 percent in June down to 122.

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Existing-Home Sales Turnovers Fall Short of ‘Normal’ Rates

The Mortgage Bankers Association (MBA) recently released a chart that highlights the existing-home sales in a historical context. The graph reveals that the rate of housing turnovers, while improving, are not up to ‘normal’ rates. The MBA graph shows that housing markets are recovering, but are still weak. The turnover rate rests slightly above 7 percent currently in the second quarter, an amount that falls short of a ‘normal’ rate of 7.5 percent, but still surpasses the recent low of 4.8 percent from the third quarter of 2010.

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Survey: Purchase Applications for New Homes Down in May

Yesterday, as mortgage rates crept up to 4 percent this week for the first time since November 2014, consumers responded with a decrease of mortgage applications by 9 percent, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2015.

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Index says Mortgage Credit Availability Increased for May

For May, mortgage credit availability experienced an increase, according to the Mortgage Bankers Association (MBA) Mortgage Credit Availability Index (MCAI), a report that analyzes data from Ellie Mae's AllRegs Market Clarity business information tool. According to the index, the MCAI increased 0.5 percent to 122.6 in May.

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Independent Mortgage Banks Profits Up for Q1; Mortgage Applications Down

The Mortgage Bankers Association (MBA) reported today in its quarterly Mortgage Bankers Performance Report that independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,447 on each loan they originated in Q1 2015, a sizable increase from a reported gain of $744 per loan in the Q4 2014.

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Economy Faces Weak Q1 but Expected to Improve

According to the Mortgage Bankers Association’s Economic and Mortgage Finance commentary for May 2015 written by Joel Kan, associate VP, industry survey and forecasts at MBA, economic growth struggled its way through the first quarter.

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Mortgage Applications Down; Mortgage Rates Experience Slight Decrease

The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey found that mortgage applications are down 1.5 percent from last week. Freddie Mac also released the results of its Primary Mortgage Market Survey (PMMS), revealing that the average fixed mortgage rates moved just slightly lower following three consecutive weeks of increases.

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