Tag Archives: mortgage bankers association

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 →

Forbearance rate drops for seventh week in a row

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

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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

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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 →

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

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

Economic recovery sends mortgage forbearance level plummeting

By Kelsey Ramírez | April 12, 2021 - 8:00 pm |April 12, 2021 Uncategorized

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The share of mortgages in forbearance dropped for a sixth straight week, showing one of the largest decreases in the rate since the pandemic began. Continue reading →

Mortgage credit opening up to more borrowers

By Kelsey Ramírez | April 9, 2021 - 12:37 am |April 9, 2021 Uncategorized

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Mortgage credit availability increased in March, opening the mortgage market up to more borrowers. This was driven by an improving economy and job market recovery. Continue reading →