Loans for office buildings specifically dropped 68% year over year and 32% quarter over quarter as investors remained wary about the risk-heavy sectors and interest rates remained high
The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association
Recent decline in rates is 'some cause for optimism,' but requests for purchase loans are still down 12% from a year ago, latest MBA lender surveys show
MBA, NAR and NAHB warned in a joint letter Monday that uncertainty over the Federal Reserve's next moves is disrupting the housing sector and threatens to send the US economy into a tailspin
Despite lobbying by mortgage trade groups, 2 previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading
The mortgage giants' federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases starting May 1
Black Homeownership Collaborative also asks HUD to ditch a 'life of loan' requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity
Rates for borrowers with credit scores below 680 making down payments of less than 20 percent climbed past 7% on Monday, according to Optimal Blue
Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control
Purchase loan applications fell 29% from the same period last year, the result of rising rates that are double their levels from 2021, according to the Mortgage Bankers Association’s weekly index
Requests to refinance accounted for almost two-thirds of all mortgage applications during the week ending Nov. 5
Requests to refinance dip as interest rates inch up again
The housing market continued to slow this week even as interest rates remain below 3%. Mortgage Bankers Association Economist Joel Kan explains why
The latest Mortgage Bankers Association survey shows forbearances dropped for eighth consecutive week
The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4% to a new record of $1.67 trillion in 2021