According to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, the MBA’s Refinance Index showed that refinance activity for the week ending Sept. 18 had increased 9 percent from the previous week. Refinance activity was 86 percent higher compared to the same week one year ago.
The number of applications for purchase and refinance mortgages nation-wide jumped last week while growth in the number of loans in forbearance continued to slow according to a pair of new surveys from the Mortgage Bankers Association.
Purchase mortgage applications across the country are now only 1.5 percent off the same week one year ago according to the Mortgage Bankers Association’s latest survey.
New guidance from federal bank regulators and Fannie Mae includes no changes on a key issue bedeviling the state’s real estate appraisers and mortgage lenders.
Last week was the first where the coronavirus suddenly became very real for much of America, and it shows in mortgage application data from the Mortgage Bankers Association.
The Mortgage Bankers Association has revised its 2020 forecasts for mortgage activity as a result of last week’s drop in interest rates to a 30-year low.
Nothing is more devastating to a homebuyer than to search for months and finally find the place they want, only to be rejected by their lender. But it happens. According to LendingTree, 1 in 10 would-be borrowers are turned down.
American homeowners are doing something surprising: Despite record amounts of home equity available to them – an estimated $1.5 trillion – they are tapping into it less via home-equity credit lines and cash-out refinancings. The question is: Why?
The precipitous drop in refinancing activity expected this year could bring about widespread consolidation in the residential mortgage lending and servicing fields, according to mortgage loan quality and performance management software company Loan Logics.
Mortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 12, 2018.
Mortgage applications increased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dec. 1, 2017.
Buckle up for another bumpy ride in 2017’s real estate market.
