News
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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.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 10.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 1, 2024.
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MBA RIHA Report: Housing Supply Will Remain Tight as Older Americans Continue to ‘Age in Place’
As older Americans continue to remain living in their homes for longer, and the homeownership rate for Americans over 50 continues to increase, there will be excess demand for older Americans’ homes over the next decade as shifting demographics impact housing for homebuyers of all ages.
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Katelynn Harris Walker: Navigating LIHTC Equity–Challenges, Solutions, and the Road Ahead
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October 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 October.
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Mortgage Application Payments Decreased 0.8 Percent to $2,041 in September
Homebuyer affordability improved in September, with the national median payment applied for by purchase applicants decreasing to $2,041 from $2,057 in August. 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 Education Honors Mr. Cooper’s Ryan Davidson with the Willis Bryant Award
MBA Education, the award-winning education division of the Mortgage Bankers Association (MBA), today honored Mr. Cooper’s Ryan Davidson, Associate Vice President, Strategy & Analytics, with its 2024 Willis Bryant Award here at the 2024 Annual Convention and Expo.
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Q3 GDP Commentary from MBA Chief Economist Mike Fratantoni
The following is MBA SVP and Chief Economist Mike Fratantoni’s instant reaction to this morning’s U.S. Q3 GDP report.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 25, 2024.