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Mortgage Application Activity is Dull, Forbearance Levels Drop

Mortgage Application Activity is Dull, Forbearance Levels Drop

by Phil Hall | Jan 22, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity remained flat for the week ending Jan. 17, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.1% on a seasonally...
Mortgage Forbearance Level Inches Up

Mortgage Forbearance Level Inches Up

by Phil Hall | Dec 24, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total share of mortgages in forbearance increased to 0.50% in November, up from 0.47% in October. According to data from the Mortgage Bankers Association, an estimated 250,000 homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in...
Mortgage Application Activity and Forbearance Levels on the Rise

Mortgage Application Activity and Forbearance Levels on the Rise

by Phil Hall | Nov 20, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications were on the rise in the latest from the Mortgage Bankers Association (MBA) covering the week ending Nov. 15. However, another MBA report pointed to the fifth consecutive monthly uptick in forbearance levels. The Market Composite Index, the MBA’s...
Mortgage Applications Down, Forbearance Levels Up

Mortgage Applications Down, Forbearance Levels Up

by Phil Hall | Oct 23, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity is in decline while forbearance levels are on the rise, according to data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 6.7% on a...
Number of Loans in Forbearance Up in August

Number of Loans in Forbearance Up in August

by Phil Hall | Sep 25, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total number of loans now in forbearance increased by 4 basis points to 0.31% as of Aug. 31, according to data from the Mortgage Bankers Association (MBA). A total of 155,000 homeowners are currently in forbearance plans. The share of Fannie Mae and Freddie Mac...
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