News
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MBA Opens Doors Foundation Welcomes Success Mortgage Partners’ Owen Lee and Philanthropist Mary Clarke Stevens to Board of Directors
The Mortgage Bankers Association’s (MBA) Opens Doors Foundation (Opens Doors) today welcomed Owen Lee, 2025 MBA Vice Chair and CEO of Success Mortgage Partners (SMP), and philanthropist Mary Clarke Stevens to its Board of Directors.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 5.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 6, 2024. Last week’s results included an adjustment for the Thanksgiving Holiday.
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Mortgage Credit Availability Decreased in November
Mortgage credit availability decreased in November according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
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November Jobs Report Commentary from MBA's Mike Fratantoni
The following is MBA SVP and Chief Economist Mike Fratantoni’s reaction to this morning’s U.S. Bureau of Labor Statistics report on employment conditions in November.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 29, 2024. This week’s results include an adjustment for the Thanksgiving holiday.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 22, 2024.
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Mortgage Application Payments Increased 4.2 Percent to $2,127 in October
Homebuyer affordability declined in October, with the national median payment applied for by purchase applicants increasing to $2,127 from $2,041 in September. This is according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
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MBA Statement on the Nomination of Scott Turner as HUD Secretary
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on Scott Turner being nominated by President-elect Donald Trump to be Secretary of the Department of Housing and Urban Development (HUD):
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 15, 2024.
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October New Home Purchase Mortgage Applications Increased 8.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 percent compared from a year ago. Compared to September 2024, applications increased by 3 percent. This change does not include any adjustment for typical seasonal patterns.
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Share of Mortgage Loans in Forbearance Increases to 0.47% in OctoberThe Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of October 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.4 million borrowers since March 2020.
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MBA Statement on FHFA’s 2025 Multifamily Loan Purchase Caps
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Federal Housing Finance Agency's (FHFA) announcement of the 2025 multifamily lending purchase caps for Fannie Mae and Freddie Mac (the GSEs).
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Mortgage Credit Availability Increased in October
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
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MBA Statement on FHA’s Annual Report to Congress
MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement regarding today’s Federal Housing Administration (FHA) release of its annual report to Congress.
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IMB Production Profits Increase in Third Quarter of 2024
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $701 on each loan they originated in the third quarter of 2024, an increase from the reported net profit of $693 per loan in the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 8, 2024.
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Commercial/Multifamily Borrowing Increased 59 Percent in Third-Quarter 2024
Commercial and multifamily mortgage loan originations increased 59 percent in the third quarter of 2024 compared to a year ago, and increased 44 percent from the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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MBA Calls for Price Transparency, Examination of Government’s Role in Credit Reporting Cost Increases
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the annual price increases for credit reporting products.
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Mortgage Delinquencies Decrease Slightly in the Third Quarter of 2024, Up on Annual BasisThe delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.97 percent of all loans outstanding at the end of the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
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FOMC Commentary from MBA's Mike Fratantoni
The following is MBA SVP and Chief Economist Mike Fratantoni’s commentary following the Federal Reserve’s FOMC statement released this afternoon on monetary policy and the economy.