Mortgage Bankers Association (MBA)

Increase attributed to seasonal patterns and lower mortgage rates.

Delinquency rate increased 51 basis points, but is still below the rate from a year earlier.

Purchase and refinance loans both fell as mortgage rates increased across the board.

MBA says mortgage credit decreases even as rates are forecast to decline.

MBA survey finds overall volume increased 7.4% from a week earlier.

Sends letter to agency director raising concerns about changes, including LLPAs based on debt-to income ratios.