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Q1 Commercial and Multifamily Mortgage Originations Remain Muted

Q1 Commercial and Multifamily Mortgage Originations Remain Muted

by Phil Hall | May 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

First quarter commercial and multifamily mortgage loan originations were essentially unchanged from one year earlier but were down 23% from the previous quarter, according to new data from the Mortgage Bankers Association (MBA). During the first quarter, there was a...
Mortgage Application Activity Up 2.6%

Mortgage Application Activity Up 2.6%

by Phil Hall | May 8, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More people were seeking mortgages last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 2.6% on a seasonally adjusted basis from one week earlier while...
Mortgage Demand Slumps Again

Mortgage Demand Slumps Again

by Phil Hall | May 1, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage demand weakened last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.3% on a seasonally adjusted basis from one week earlier; the...
Production Losses Widen for Independent Mortgage Banks

Production Losses Widen for Independent Mortgage Banks

by Phil Hall | Apr 26, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Last year was problematic for independent mortgage banks and the mortgage subsidiaries of chartered banks – according to new data from the Mortgage Bankers Association (MBA), this sector lost an average of $1,056 on each loan they originated in 2023, down from an...
Mortgage Demand Down 2.7%

Mortgage Demand Down 2.7%

by Phil Hall | Apr 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was down last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.7% on a seasonally adjusted basis from one week...
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