CRE Lending Shrank 47 Percent Nationwide, 37 Percent in CT
A new report from the Mortgage Bankers Association has put numbers to the huge drop-off in commercial real estate lending in America.
Mortgage Rates Surged to Nearly 7 Percent This Week
Nonetheless, mortgage applications actually increased slightly from the prior week, driven by a rise in FHA and VA purchase applications.
FHFA Nixes Controversial DTI Fees
After industry opposition to a fee that would have levied an upfront fee on borrowers with debt-to-income ratios greater than 40 percent, the Federal Housing Finance Agency announced it’s dropping the plan.
Report: IMBs Lend More in LMI, Minority Neighborhoods
Even though the Community Reinvestment Act does not apply to independent mortgage banks, these nonbank lenders provide a higher share of their mortgages in minority and low- and moderate-income neighborhoods than banks do, according to a new report from the Urban Institute.
MBA: Purchase Mortgage Applications Reach 28-Year Low
Purchase mortgage applications for the second straight week reached the lowest level since 1995 amid rising interest rates, according to the Mortgage Bankers Association.
MBA: Mortgage Forbearances Start to Decline Again
As the mortgage industry moves closer to the end of new COVID-related forbearances, the number of homeowners in forbearance decreased last month, according to the Mortgage Bankers Association.
MBA: Commercial, Multifamily Lending to Fall in 2023
Nationwide commercial and multifamily mortgage lending is expected to fall this year by 15 percent, according to an updated forecast from the Mortgage Bankers Association.
Lower Rates Could Be Bringing More Buyers Out
Falling mortgage could be bringing out more homebuyers, according to a handful of new data reports.
MBA: Mortgage Applications Reach Lowest Level in 25+ Years
Amid current economic conditions and the typically low demand for mortgages at year-end, mortgage applications at the end of December reached the lowest level since 1996, according to the Mortgage Bankers Association.
Mortgage Rates-Bond Yield Gap Perplexes Economists
If the normal spread between the interest rates on 10-year Treasury notes and mortgage bonds existed today, the average 30-year mortgage rate could be as low as 5.7 percent.
MBA Sees ‘Pockets of Weakness’ in Forbearance Data
While the number of homeowners in forbearance remained unchanged last month, the Mortgage Bankers Association said it saw signs of weakness in November’s data.
MBA: Mortgage Applications Declined Last Week
While November saw some weekly increases in mortgage application activity, the past four weeks have seen applications decrease overall more than 10 percent, according to the Mortgage Bankers Association.
MBA: Mortgage Forbearances Increase for First Time Since 2020
The number of homeowners in forbearance increased last month for the first time in more than two years, partly thanks to Hurricane Ian’s hit to Florida homebuyers.
Black Knight: Declines in Homebuying More than Seasonal Downturn
October saw homebuyers’ ability to afford a home tumble yet again according to separate data reports yesterday.
MBA: Mortgage Applications at Slowest Pace Since 1997
Mortgage application activity last week slowed to a pace not seen in 25 years as mortgage rates continued to rise, according to the Mortgage Bankers Association.
MBA: Ginnie Mae Forbearances Increased in August
While the number of homeowners in forbearance continued to decline last month, the forbearance rate for Ginnie Mae loans increased for the first time since 2020, according to the Mortgage Bankers Association.
MBA: Forbearance Rate for Portfolio Loans Continues to Decline
The number of homeowners in forbearance continued to decline last month, and most of the forbearance exits came from portfolio loans and private-label securities, according to the Mortgage Bankers Association.
Mortgage Applications Down for Fourth Week in a Row
Mortgage applications were down for the fourth week in a row nationwide, according to the Mortgage Bankers Association, as interest rates and rising home prices continued to push many out of the market.
MBA: Possible Signs of Stress in Mortgage Results
While the number of homeowners in forbearance has dropped slightly, mortgage performance could be showing signs of borrower stress, according to the Mortgage Bankers Association.
Buyers Have Alternatives as Mortgage Rates Rise
Rising mortgage rates are sidelining many would-be homebuyers. But there are two ways to meet the challenge.
