Mortgage applications for purchase loans and refinances increased for the first time in five weeks, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 25. The Market Composite Index, the trade group’s measure of mortgage...
The national median payment made by purchase loan applicants was $2,162 during July, according to the latest data from the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). July’s payment level was mostly unchanged from June but...
Mortgage application activity continued to wither as inquiries for purchase loans evaporated to a level not seen in nearly three decades, according to the latest data from the Mortgage Bankers Association (MBA) tracking the week ending Aug. 18. The Market Composite...
The total number of loans in forbearance during July totaled approximately 195,000, according to data from the Mortgage Bankers Association (MBA). This represents a 5-basis-point decline from 0.44% of servicers’ portfolio volume in June to 0.39% in July. In July 2023,...
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $534 on each loan they originated in the second quarter, according to data from the Mortgage Bankers Association (MBA). The second quarter results marked an...
Zillow Cuts Its Late-2026 Home Sales Outlook as Rents Accelerate
