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Mortgage Bankers Association (MBA)

Mortgage Apps Slide 3.3 Percent Week-Over-Week

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Mortgage applications decreased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 18, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased three percent compared with the previous week. The Refinance Index decreased four percent from the previous week.Click to continue

Mortgage Apps Climb 4.3 Percent Week-Over-Week

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Mortgage applications increased 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 April 11, 2014. The Market Composite Index, a measure of mortgage loan application volume, increased 4.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased five percent compared with the previous week. The Refinance Index increased seven percent from the previous week.Click to continue

Mortgage Apps for New March Home Purchases Rise 15 Percent

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The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for March 2014 shows mortgage applications for new home purchases increased by 15 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. By product type, conventional loans composed 68.3 percent of loan applications, FHA loans composed 17.2 percent, RHS/USDA loans composed 1.6 percent and VA loans composed 12.9 percent.Click to continue

Tony Love Honored by the MBA

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The Mortgage Bankers Association (MBA) has presented its annual Burton C. Wood Legislative Service Award to Tony Love, vice president – Forest City Finance Corporation in Cleveland, Ohio. The award was presented at MBA's 2014 National Policy Conference in Washington, D.C., and is given annually to an MBA member employee in recognition of his or her sustained superior service to the association and the real-estate finance industry as a whole.Click to continue

Mortgage Apps Dip 1.6 Percent Week-Over-Week

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Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 4, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased one percent compared with the previous week. The Refinance Index decreased five percent from the previous week and is at its lowest level since the end of 2013.Click to continue

Commercial and Multifamily Bankers Closed $358 Billion-Plus in 2013

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Commercial and multifamily mortgage bankers closed $358.5 billion of loans in 2013 according to the Mortgage Bankers Association’s (MBA) 2013 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. Commercial bank and savings institutions were the leading investor group for whom loans were originated in 2013, responsible for $100.5 billion of the total.Click to continue

Mortgage Credit Availability Rises Slightly in March

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Mortgage credit availability increased slightly in March according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from the AllRegs Market Clarity product. “Consistent with past months, many lenders and investors are providing borrowers seeking higher loan amounts with a broader range of financing options by introducing new jumbo loan programs.Click to continue

Choose Your Wholesale Friends Wisely

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“Choose your friends wisely.” Wise words of caution often passed down by parents or learned through trial and error. If you associate with troublemakers, you’re likely to run into trouble yourself.Click to continue

Purchase Apps Dip 1.2 Percent Week-Over-Week

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Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 28, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased one percent compared with the previous week. The Refinance Index decreased three percent from the previous week. The seasonally adjusted Purchase Index increased one percent from one week earlier.Click to continue

Wells Fargo Named Top Commercial/Multifamily Originator in 2013

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According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), Wells Fargo; JP Morgan Chase & Company; Bank of America Merrill Lynch; Eastdil Secured; KeyBank; PNC Real Estate; HFF LP; Meridian Capital Group LLC; CBRE Capital Markets; and Prudential Mortgage Capital Company were the top commercial/multifamily mortgage originators in 2013.Click to continue