Tag Archives: mortgage bankers association

Homebuyer demand sags as mortgage rates continue to rise

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With the Federal Reserve expected to begin tapering its purchases of mortgage-backed securities as soon as November, market forces are pushing mortgage rates higher.  Continue reading →

Mortgage rates for home loans hit highest levels since June

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Purchase loan applications rose 2 percent week over week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, released Wednesday. Continue reading →

With wildfires on rise, these 5 states bear more risk than California

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A new report from CoreLogic finds that the typical home in Wyoming is nearly three times as likely to go up in flames as one in California. Continue reading →

Demand for mortgages cools as rates bounce back to July levels

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An uptick in mortgage rates following last week’s Federal Reserve meeting cooled demand for both purchase mortgages and refinancing, particularly for government-backed FHA, VA and USDA loans. Continue reading →

Housing industry ‘will not be spared’ by climate change: MBA

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Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association. Continue reading →

With protections lifting, improvement in forbearance numbers slows

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The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association. Continue reading →

Buyer demand for mortgages jumps for first time in almost a month

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With low for-sale inventory keeping home price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices. Continue reading →

1.7M homeowners still in forbearance as protections expire

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Before initiating foreclosures against borrowers who are 120 days behind on their payments, the Consumer Financial Protection Bureau expects loan servicers to reach out to borrowers and give them a chance to apply for assistance, such as a loan modific… Continue reading →