Slightly higher mortgages rates have led to a decrease in application volume, however, homebuyers continue to be inspired. A report finds out why.
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The Week Ahead: A New Treasury Budget and Fed Balance Sheet
In addition to regular weekly reports such as the MBA Mortgage Applications Survey and the Fed Balance Sheet, this week will see the release of the monthly U.S. ...
Read More »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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