Demand for mortgages cools as rates bounce back to July levels
Increase in conventional refinance requests could be a sign that borrowers are reacting to higher rates
by Matt Carter Sep 29
Housing industry 'will not be spared' by climate change: MBA
Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association
by Matt Carter Sep 27
Demand for mortgages surges as inventory situation improves
Prospective homebuyers submit requests for purchase loans at pace not seen since April
by Matt Carter Sep 22
Demand for mortgages retreats to July levels
In what could be a preview of what's in store if mortgage rates continue to rise, demand for purchase loans remains subdued compared to a year ago, according to the MBA
by Matt Carter Sep 8
With protections lifting, improvement in forbearance numbers slows
The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association
by Matt Carter Aug 24
Buyer demand for mortgages jumps for first time in almost a month
Rise in FHA purchase applications suggests more first-time buyers are navigating high prices, tight inventories
by Matt Carter Aug 11
1.7M homeowners still in forbearance as protections expire
Loan servicers must attempt to work with borrowers before initiating foreclosure proceedings
by Matt Carter Aug 9
Drop in mortgage rates not enough to spur homebuyers
Purchase loan applications were down 18% from a year ago during the last week of July
by Matt Carter Aug 4
Drop in mortgage rates spurs refis, but not home sales
With rates on 15-year mortgages hitting a record low, requests to refinance accounted for two-thirds of mortgage applications
by Matt Carter Jul 28
New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit
After 6 months of easing, credit availability tightened by 8.5% in June
by Matt Carter Jul 16
Agent commissions expected to soar to record high in 2021
Total commission revenue in 2021 could ultimately top $100B for the first time ever, according to a new report from Knock
by Jim Dalrymple II Jul 12
Rising home prices may be crimping demand for purchase mortgages
Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out of the market
by Matt Carter Jun 30
Lenders who rely on AI, algorithms could face new legal risks
The Department of Housing and Urban Development plans on rescinding the Trump administration's protections for lenders accused of inadvertent discrimination
by Matt Carter Jun 28
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Requests to refinance accounted for 62.5 percent of all applications
by Matt Carter Jun 23
Demand for mortgages rebounds after 3 weeks of declines: MBA
Applications for purchase loans and refinancings climbed as mortgage rates eased to the lowest levels since early May, according to the Mortgage Bankers Association
by Matt Carter Jun 16