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Mortgage Application Activity Continues to Drag

Mortgage Application Activity Continues to Drag

by Phil Hall | Jun 5, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed again for the week ending May 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 5.2% on a seasonally adjusted basis...
MBA: Q1 Commercial Mortgage Delinquencies on the Rise

MBA: Q1 Commercial Mortgage Delinquencies on the Rise

by Phil Hall | Jun 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Commercial mortgage delinquencies were on the rise during the first quarter, according to data from the Mortgage Bankers Association (MBA). MBA’s quarterly analysis details the commercial delinquency rates for five of the largest investor groups that hold more than...
Mortgage Application Payments Increased 2.5%

Mortgage Application Payments Increased 2.5%

by Phil Hall | May 30, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median payment applied for by purchase applicants inched up by 2.5% in April to $2,256 from $2,201 in March, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index. Compared to one year ago, the payment level was...
Mortgage Application Activity Declines Again

Mortgage Application Activity Declines Again

by Phil Hall | May 29, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slumped during the week ending May 24, according to the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 5.7% on a seasonally adjusted basis from one week...
Independent Mortgage Banks Report Q1 Net Production Losses

Independent Mortgage Banks Report Q1 Net Production Losses

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

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $645 on each loan they originated during the first quarter, according to data from the Mortgage Bankers Association (MBA). This represents a decline from the...
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