Tagged: Mortgage Bankers Association (MBA)

MBA report indicates $1,015 loss per loan in Q3; servicing rights keep the lights on

Early-stage delinquencies rise according to MBA's report, while foreclosure starts stay low, suggesting resilience in the housing market despite concerns over increasing unemployment rates.

Purchase applications gain, but refinance remains subdued.

Purchase applications hit their lowest since 1995, while ARMs surge by almost 10%, reflecting a market adjusting to near 23-year high interest rates.

Recent data unveils a dip in median mortgage payments, but annual figures showcase a significant rise.

30-year fixed mortgage rate reaches 7.9% – its highest since 2000 – stalling potential homebuyers and suppressing refinance activities.

Despite a 12% monthly drop, year-on-year figures show a 14.9% increase; First-time homebuyers drive surge in FHA applications.

Regions Mortgage SVP recognized for stellar academic achievements and dedication to the mortgage banking industry.

While loans under forbearance see a decline, looming economic challenges and a potential 2024 recession remind the industry to tread with caution.

From surprise stances on FHA's future policies to the hidden secrets lenders don't want you to know - Here's everything that went down!