Tag Archives: mortgage bankers association

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 →

Drop in mortgage rates not enough to spur homebuyers

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Although rates eased for the most popular type of mortgage among homebuyers — the 30-year fixed-rate conforming loan — rates for jumbo mortgages, FHA loans and adjustable-rate mortgages were up slightly. Continue reading →