Mortgage Bankers Association (MBA)

Bipartisan measure takes steps to boost housing supply and expand access to affordable mortgage credit

The Mortgage Bankers Association said Davies will retire at the end of the year

The MBA reports homebuyer affordability improved for the fourth consecutive month in August

Refis jump almost 60%; ARM share climbs to highest since 2008

Refinances rose to 26% of originations last month, though purchase activity is beginning typical seasonal decline

Purchase and refinance applications jump; refis account for nearly half of all activity