After seeing their first notable drop of the year in February’s first week, mortgage applications continued to slide down a slipperier slope approaching the middle of the month, the Mortgage Bankers Association (MBA) reported. According to MBA’s Weekly Mortgage Applications Survey, loan application volume dropped 4.1 percent on a seasonally adjusted basis for the week ending February 14. Unadjusted, the index was down a smaller 2 percent.
Read More »Application Numbers Slightly Up in January, Future Looks Hazy
Using weekly stats published by the Mortgage Bankers Association (MBA), Capital Economics calculated a 2.5 percent increase in applications last month, turning the trend around from an 18.2 percent decline in December and a 1.3 percent drop in November. With the refinance boom in the rearview, Capital Economics shifted its focus to purchase applications, which rose 3.1 percent in January. As for future movements, the firm's outlook paints an unclear picture.
Read More »Mortgage Applications Steady in Latest Survey
Mortgage application volume remained essentially flat last week, with refinance and purchase loan numbers canceling each other out, the Mortgage Bankers Association (MBA) reported Wednesday. According to MBA's Weekly Mortgage Application Survey, loan application volume fell a scant 0.2 percent (seasonally adjusted) for the week ending January 24. The results include an adjustment to account for the Martin Luther King, Jr. holiday, on which markets were closed. Unadjusted, applications fell 9 percent week-over-week.
Read More »Refinances Push Up Application Volume
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey, loan application volume rose 4.7 percent (seasonally adjusted) for the week ending January 17. The overall increase came entirely from a continued recovery in refinance numbers. The survey's Refinance Index was up 10 percent week-over-week, with refinance share accounting for 64 percent of total applications, the highest level in a month. Meanwhile, the seasonally adjusted Purchase Index dropped 4 percent compared to the prior week.
Read More »Credit Standards Relax at Year-End
After loosening steadily for several months, credit standards for mortgage loans ended 2013 at their lowest level all year, according to the December Origination Insight Report from Ellie Mae.
Read More »Former First Franklin CEO to Lead WDB Funding
WDB Funding, LLC, announced the appointment of Andrew Pollock as the firm's president and CEO. Pollock brings 25 years' experience heading large-scale lending operations to his new role, where he is responsible for providing day-to-day leadership, managing operations, and executing the strategic direction of the company.
Read More »Mortgage Applications Up Following New Year’s Holiday
Having started the new year with a slight bump, mortgage application volume continued to climb in early January, the Mortgage Bankers Association (MBA) reported.
Read More »MBA Dials Back 2014 Origination Forecasts
Citing declines in application activity and increases in interest rates, the Mortgage Bankers Association (MBA) is lowering its forecast for origination volumes in 2014, the group announced.
Read More »Mortgage Applications Fall as Rates Rise
Mortgage applications declined at the end of the year, but Capital Economics expects applications to rise this year as both the housing market and broader economy continue to improve.
Read More »Refinance Share Rebounds in November
A slight decline in mortgage rates spurred refinance activity up in November, Ellie Mae revealed in its latest monthly Origination Insights Report.
Read More »