Mortgage Bankers Association (MBA)

Driven by purchase applications.

The Mortgage Bankers Association (MBA) and National Fair Housing Alliance (NFHA) announced a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs.

Despite the decline, MBA raised its estimate for the annual rate of single-family home sales for the year, for the first time in 5 months.

Laura Escobar is a 35-year real estate finance industry veteran.

Both the Refinance and Purchase indices increased from a week earlier, but remain significantly lower as compared with last year.

Credit availability continued to tighten in May, according to data from the Mortgage Credit Availability Index.