The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey shows loan application volume fell a seasonally adjusted 0.6 percent for the week ending October 18.
Read More »Purchase Loan Share Climbs to 58% in September
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.
Read More »Refinances Continue to Lift Application Volume
The Mortgage Bankers Association's (MBA) Market Composite Index increased 0.3 percent on a seasonally adjusted basis for the week ending October 11.
Read More »Wells Fargo Reports Record Profits, JPMorgan Drowns in Legal Expenses
Wells Fargo and JPMorgan Chase both released their earnings summaries for the third quarter on Friday, revealing the full toll that legal expenses have taken on the latter's profits.
Read More »New Home Purchase Applications Down Again in September
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.
Read More »Resurgence in Refinances Lifts Application Volume
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.
Read More »September Sees Slight Uptick in Purchase Applications
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.
Read More »Mortgage Fraud Risk Down 5.6% in Q2
CoreLogic released Wednesday its quarterly Mortgage Fraud Report, which measures overall fraud activity based on the company's Mortgage Application Fraud Risk Index. According to CoreLogic's data, fraud risk among mortgage applications declined 5.6 percent year-over-year in Q2, with approximately 19,700 of mortgage applications being flagged as having a high risk of fraud. In Q2 2012, the company identified 20,900 high-risk applications, which represented about 0.7 percent of all applications tracked.
Read More »Mortgage Applications Increase as Interest Rates Slide
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.
Read More »Mortgage Applications Pick Up as Interest Rates Come Down
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.
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