Tagged: Mortgage Bankers Association (MBA)

Major trade associations like The MBA, NAMB, and BAC, urge action on S. 3502.

Regulators intensify crackdown on undisclosed fees, prompting industry backlash; CFPB asserts fees violate consumer protection laws, while Mortgage Bankers Association criticizes lack of understanding in agency's approach.

The Mortgage Credit Availability Index sees modest increase, reaching 92.9; conventional loans expand slightly, while government programs remain stable.

Mortgage industry experts remain hopeful that the spring season will bring a boost in purchase volume.

Mortgage Bankers Association's Purchase Applications Payment Index (PAPI) highlights nationwide increase in median payments, potentially hampering spring homebuying season.

Refinance activity declines, purchase volume slows amidst inventory constraints.

Total loans in forbearance decreased just one basis point.

As rates moved up past 7%, mortgage applications dropped over 10%.

The Mortgage Bankers Association reports a 19.1% year-over-year increase in new home purchase applications, with a seasonally adjusted annual rate reaching 700,000 units, the highest since October 2023.

A 2.3% fall in mortgage applications signals ongoing affordability challenges, with rising interest rates dampening both refinance and purchase demand.