Mortgage Bankers Association (MBA)

MBA estimates that 350,000 homeowners are seeking assistance.

MBA says servicing continues to be the silver lining for IMBs.

A 4% jump in purchase applications led the 1st increase in 8 weeks.

Higher rates and the worsening outlook for the housing market and economy cited for decline.

MBA says Refinance Index is down 87%, Purchase Index is down 41% from last year.

MBA says rate volatility will be with us for a while.