Tag Archives: mortgage bankers association

Share of mortgages in forbearance continues to dwindle

By Matt Carter | May 17, 2021 - 8:08 pm |May 17, 2021 Uncategorized

Comments Off on Share of mortgages in forbearance continues to dwindle

About 2.1 million homeowners remain in forbearance, and close to half of those borrowers haven’t made a payment in more than a year. Continue reading →

Weaker mortgage demand tied to low inventory, higher prices

By Matt Carter | May 5, 2021 - 5:51 pm |May 5, 2021 Uncategorized

Comments Off on Weaker mortgage demand tied to low inventory, higher prices

Applications for mortgage purchase loans fell for the second week in a row at the end of April, according to the Mortgage Bankers Association’s weekly mortgage application survey. Continue reading →

Housing market slows despite record low interest rates

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

Comments Off on Housing market slows despite record low interest rates

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

Comments Off on Mortgage forbearances continue slow decline

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

Comments Off on Purchase mortgage originations to hit a new record in 2021

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

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

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

Comments Off on Interest rate drop drives sudden surge in housing activity

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 →

Forbearance rate drops for seventh week in a row

By Matt Carter | April 19, 2021 - 11:24 pm |April 19, 2021 Uncategorized

Comments Off on Forbearance rate drops for seventh week in a row

At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in June. Continue reading →

Housing market transitions from refinances to purchases

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

Comments Off on Housing market transitions from refinances to purchases

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

Fannie, Freddie to adopt new underwriting standards for qualified mortgages on July 1

By Matt Carter | April 13, 2021 - 5:42 pm |April 13, 2021 Uncategorized

Comments Off on Fannie, Freddie to adopt new underwriting standards for qualified mortgages on July 1

Mortgage Bankers Association says lenders have been gearing up for changes, and new standards will actually increase access to credit. Continue reading →