Tag Archives: MBA

Drop in mortgage rates triggers more interest in refinancing than homebuying

By Matt Carter | November 10, 2021 - 12:01 pm |November 10, 2021 Uncategorized

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Requests to refinance accounted for almost two-thirds of all mortgage applications during the week ending Nov. 5. Continue reading →

Demand for purchase loans up for second time in May

By Matt Carter | May 26, 2021 - 11:00 am |May 26, 2021 Uncategorized

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Demand for purchase mortgages was up a seasonally adjusted 2 percent from the week before but down slightly from a year ago. Continue reading →

Housing market slows despite record low interest rates

By Kelsey Ramírez | April 28, 2021 - 3:56 pm |April 28, 2021 Uncategorized

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The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Continue reading →

Mortgage forbearances continue slow decline

By Kelsey Ramírez | April 26, 2021 - 8:00 pm |April 26, 2021 Uncategorized

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Mortgage forbearances decreased for the eighth consecutive week, though at a slower rate than the past two weeks, according to the latest Mortgage Bankers Association report. Continue reading →

Purchase mortgage originations to hit a new record in 2021

By Kelsey Ramírez | April 22, 2021 - 5:52 pm |April 22, 2021 Uncategorized

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The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4 percent to a new record of $1.67 trillion in 2021. Continue reading →

To reach borrowers, servicers need to speak their language: MBA panel

By Kelsey Ramírez | April 22, 2021 - 1:54 pm |April 22, 2021 Uncategorized

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Servicers must be empathetic, acknowledging to begin the conversation, a panel of experts at the Mortgage Bankers Association’s Spring Conference and Expo said on Wednesday. Continue reading →

Interest rate drop drives sudden surge in housing activity

By Kelsey Ramírez | April 21, 2021 - 2:03 pm |April 21, 2021 Uncategorized

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Mortgage applications increased 8.6 percent on a seasonally adjusted basis for the week ending April 16, 2021, according to the Mortgage Bankers Association. Continue reading →

Options for remote closings grow as tech companies get RON certified

By Kelsey Ramírez | April 15, 2021 - 9:52 pm |April 15, 2021 Uncategorized

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As mortgage companies go digital, 10 tech companies have joined the ranks of others preparing to amp up their eClosing capabilities in the year ahead. Continue reading →

Housing market transitions from refinances to purchases

By Kelsey Ramírez | April 14, 2021 - 7:48 pm |April 14, 2021 Uncategorized

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As interest rates rise, housing market activity is slowing transitioning from refinances to purchases as refis lose market share. Continue reading →

Independent mortgage banks made more money than ever in 2020

By Kelsey Ramírez | April 13, 2021 - 3:57 pm |April 13, 2021 Uncategorized

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Independent mortgage banks’ profits surpassed previous year by nearly 186 percent, according to the Mortgage Bankers Association’s Annual Mortgage Bankers Performance Report. Continue reading →