Mortgage Applications Increase 4th Time In 5 Weeks
MBA survey finds overall volume increased 7.4% from a week earlier.
MBA survey finds overall volume increased 7.4% from a week earlier.
Sends letter to agency director raising concerns about changes, including LLPAs based on debt-to income ratios.
Combined with upward revisions for November & December, market proves even stronger than many thought.
After rising for 3 weeks in a row, the MBA's Market Composite Index fell 9% on a seasonally adjusted basis.
The median payment fell to $1,920 in December from $1,977 in November.
MBA economist says homebuying activity remains 'tepid.'
Forbearance rate has been flat for 3 months, a sign 'we may have reached a floor on further improvements.'
New framework takes effect on May 1, but MBA asks agency to be 'flexible' with that date.