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Mortgage Bankers Association (MBA)

Drop in Mortgage Apps Opens 2014 Holiday Season

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Mortgage applications decreased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nov. 21, 2014. The previous week’s results had included an adjustment for the Veterans Day holiday.Click to continue

MBA Adds 31 New Members in October

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The Mortgage Bankers Association (MBA) has announced that in October it welcomed 31 new regular members to its ranks, which currently numbers more than 2,200 member companies. “The breadth and depth of our membership is the single most important reason why we are such an effective advocate for the real estate finance industry in Washington and across the nation,” said David H.Click to continue

Mortgage Delinquencies Drop in Q3

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The delinquency rate for mortgage loans on one- to four-unit residential properties decreased to a seasonally adjusted rate of 5.85 percent of all loans outstanding at the end of the third quarter of 2014. The delinquency rate decreased for the sixth consecutive quarter and reached the lowest level since the fourth quarter of 2007. The delinquency rate decreased 19 basisClick to continue

Zillow Mortgages: Rates Dive Yet Again to Sub-Four Percent Mark

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The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.82 percent, down eight basis points from this time last week. The 30-year FRM hovered around 3.85 percent for most of the week before falling to the current rate.Click to continue

MBA Announces New Private Health Insurance Exchange Platform for Members

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The Mortgage Bankers Association (MBA) has announced a new private exchange which will offer healthcare and other employee benefits for its member companies. Addressing the challenges of maintaining a competitive employee benefit program, “MBA Health Link” will provide an easy solution for employers wanting to control costs while offering me benefit options to meet the varied needs of their employees. The creation of MBA Health Link Click to continue

FHA's Mutual Mortgage Insurance Fund Exhibits $21 Billion in Growth Over Two Years

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The U.S. Department of Housing & Urban Development (HUD) has released its annual report to Congress on the financial condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. The independent actuarial report shows that FHA’s Mutual Mortgage Insurance Fund (MMIF) has improved going from a negative value to a growth of $21 billion within two years.Click to continue

Changing of the Guard: Are You Prepared for Millennials to Become the Future of Mortgage Lending?

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Lenders are still trying to figure out how to recapture the glory days of the mid-2000s. According to the Mortgage Bankers Association (MBA), the number of first-time homebuyers has substantially decreased over the past decade. With the percentage of first-time homebuyers at 10 percent below average, experts are forecasting a desolate outlook for lenders that is likely to have long-team effects on the industry.Click to continue

Mortgage Apps for New Home Purchases on the Rise

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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2014 shows mortgage applications for new home purchases increased by eight percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. By product type, conventional loans composed 68.2 percent of loan applications, FHA loans composed 16.2 percent, RHS/USDA loans composed 1.5 percent and Click to continue

Mortgage Apps Slide 0.9 Percent

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Mortgage applications decreased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nov.Click to continue