Mortgage Bankers Association (MBA)

Monthly update for May forecasts mild recession starting in Q2.

MBA's affordability index finds mortgage application payments rose 0.9% to $2,112.

The MBA's Market Composite Index decreased 4.6% on a seasonally adjusted basis as mortgage rates rose again.

CEO Bob Broeksmit calls for sensible Regulation, clarity, and support for the mortgage industry.

Applications in April fell 11% from March, but were up from a year earlier for the third straight month.

32% of companies were profitable in Q1, up from 25% in Q4.