Mortgage Bankers Association (MBA)

Weekly MBA survey released

Expenses Reach Second-Highest Level Ever Recorded, says Mortgage Bankers Association

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.