Mortgage Bankers Association (MBA)

Credit remains at its tightest level in a decade.

Annual report says IMBs, on average, lost money on originated loans for the first time in since report was founded in 2008.

The Market Composite Index decreased 4.1% as both purchase and refi applications fell.

Will allow GSE's borrowers facing financial hardship to defer up to six months of mortgage payments. 

In letter to SEC, MBA says proposed rule on conflicts of interest is overly broad.

The MBA's Market Composite Index increased 2.9% on a seasonally adjusted basis.