Tag Archives: mortgage bankers association

Demand for mortgages continued in last week of May: MBA

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“High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,” Joel Kan of the Mortgage Bankers Association said. Continue reading →

Could coronavirus mortgage payment relief spell trouble for the industry?

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A provision of the CARES Act allows for mortgage payment relief to help struggling families, but it could have an unintended negative effect on the real estate industry. Continue reading →

Mortgage rates drop to 30-year low

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The average contract interest rate for 30-year fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began its weekly survey. Continue reading →

6 things homeowners need to know about mortgage forbearance plans

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The Mortgage Banker Association’s Sara Singhas explained how mortgage forbearance and repayment works and what homeowners should do if they need more time. Continue reading →

Mortgage credit availability decreased 16.1% in March

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The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults. Continue reading →

Mortgage applications surge along with refis

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Mortgage applications activity increased by 15.3 percent and the refinance index increased 26 percent during the week ending March 27. Continue reading →

Trump may allow homeowners to delay mortgage payments

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The administration did not make clear how borrowers might catch up on payments in the future, however. Continue reading →

Michael Bloomberg pitches plan to combine Freddie Mac, Fannie Mae

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The presidential hopeful wants to make Freddie Mac and Fannie Mae a “single, fully government-owned mortgage guarantor” that benefits taxpayers, community banks. Continue reading →

Mortgage applications reach highest volume since 2013

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The Mortgage Bankers Association announced Wednesday that the Market Composite Index reached its highest level last week since May 2013. Continue reading →