Purchase applications have declined in 8 of the last 9 weeks, according to a weekly survey by the Mortgage Bankers Association released on Wednesday
The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it's based on a faulty premise
Decline in purchase applications aligns with slower homebuilding activity due to reduced buyer traffic and ongoing building material shortages, according to the Mortgage Bankers Association
Purchase loan applications continue to be weaker 'due to the combination of much higher mortgage rates and the worsening economic outlook,' said MBA forecaster Joel Kan
Although fears of a recession are bringing mortgage rates down, would-be homebuyers aren't rushing to apply for loans, according to a weekly survey of lenders
Guild Mortgage will now treat Airbnb revenue as income in some refinance applications
Use this guide to educate your clients
Borrowers often blindsided at different stages of lending process
Why some think new rules are a 'drag' on the market
Share of loans going to underwater borrowers also picking up
Surprises in mortgage shopping
New features could help agents, buyers identify red flags
HARP lenders cracking down on loan-to-value ratios, credit requirements
6.6% of loans too deep underwater for Home Affordable refis
Survey: Borrowers paying more points on ARM loans