Tagged: Mortgage Bankers Association (MBA)

Overall lending activity down 11%.

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.

With inflation at 5.7% in 2021, the Fed indicates a rate hike is coming ‘soon’, most likely during its meeting March 15-16.

All mortgage rates in MBA's survey continued to climb, with the 30-year fixed-rate rising for the fifth consecutive week to its highest level since March 2020.

The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of Dec. 31, 2021.