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Mortgage Applications Up 5.4%

Mortgage Applications Up 5.4%

by Phil Hall | Sep 20, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There was good news on the application front last week, according to the latest data from the Mortgage Bankers Association. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was up by 5.4% on a seasonally adjusted basis from...
Forbearance Levels Continue to Decline

Forbearance Levels Continue to Decline

by Phil Hall | Sep 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total number of mortgage loans now in forbearance fell by 6 basis points month-over-month to 0.33% as of Aug. 31, according to data from the Mortgage Bankers Association (MBA). Roughly 165,000 homeowners are currently in forbearance plans. During August, the share...
Mortgage Application Activity Down Again

Mortgage Application Activity Down Again

by Phil Hall | Sep 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity went into decline again last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 0.8% on a seasonally adjusted basis...
MBA Hires George Rogers to Lobby Senate GOP

MBA Hires George Rogers to Lobby Senate GOP

by Phil Hall | Sep 6, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) hired attorney and lobbyist George Rogers as vice president of legislative affairs. In his new role, Rogers will advocate on behalf of MBA’s legislative and policy priorities on Capitol Hill, with a primary focus on...
Ouch! Mortgage Application Activity Sinks to 27-Year Low

Ouch! Mortgage Application Activity Sinks to 27-Year Low

by Phil Hall | Sep 6, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of mortgage application activity evaporated last week, according to new data from the Mortgage Bankers Association (MBA). “Mortgage applications declined to the lowest level since December 1996, despite a drop in mortgage rates,” said Joel Kan, MBA’s vice...
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