Mortgage Bankers Association (MBA)

Development workgroup will focus on fostering eVault provider interoperability and streamlining eVault operations.

The Market Composite Index, a measure of mortgage loan application volume, decreased 13.1% n a seasonally adjusted basis from one week earlier.

Bank of America analyst cut target price by $10.

The year-end report ranks servicers' volumes as of Dec. 31, 2021.

As rates continue to climb, the refinance share of mortgage activity decreased to 56.2% of total applications.

Refinance applications were up 18%, driven mainly by a 22% jump in conventional applications.