Mortgage Bankers Association (MBA)

Latest data from the Mortgage Bankers Association reveals significant shifts in application volume, driven by declining rates and robust refinance demand, while purchase applications show steady growth despite lingering challenges in the housing market.

Major trade associations like The MBA, NAMB, and BAC, urge action on S. 3502.

Regulators intensify crackdown on undisclosed fees, prompting industry backlash; CFPB asserts fees violate consumer protection laws, while Mortgage Bankers Association criticizes lack of understanding in agency's approach.

The Mortgage Credit Availability Index sees modest increase, reaching 92.9; conventional loans expand slightly, while government programs remain stable.

Mortgage industry experts remain hopeful that the spring season will bring a boost in purchase volume.

Mortgage Bankers Association's Purchase Applications Payment Index (PAPI) highlights nationwide increase in median payments, potentially hampering spring homebuying season.