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MBA: Commercial/Multifamily Mortgage Debt Outstanding Up 2.8% for 2023

MBA: Commercial/Multifamily Mortgage Debt Outstanding Up 2.8% for 2023

by Phil Hall | Mar 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion higher than at the end of 2022, a 2.8% uptick, according to data from the Mortgage Bankers Association (MBA). On a quarterly measurement, total mortgage debt...
Mortgage Application Activity Up 7.1%

Mortgage Application Activity Up 7.1%

by Phil Hall | Mar 13, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was up again in the latest data published by the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 7.1% on a seasonally adjusted basis for the week ended March...
MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs

MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs

by Phil Hall | Mar 11, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The head of the Mortgage Bankers Association (MBA) has criticized the Consumer Financial Protection Bureau (CFPB) of being both “politically motivated” and ignorant regarding the closing costs process in homebuying. On Friday, the CFPB published a blog...
Mortgage Applications Up 9.7%

Mortgage Applications Up 9.7%

by Phil Hall | Mar 6, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

An increasing volume of Americans were filling out mortgage applications 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 9.7% on a seasonally...
Pending Home Sales, Buyer Affordability Down in January

Pending Home Sales, Buyer Affordability Down in January

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

January was a chilly month for pending home sales, according to new data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index dropped by 4.9% from December to January, closing the month with a 74.3 reading; an index level of 100 is equal to...
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