Mortgage applications to buy newly built homes fell 8.3% from a year earlier in September, and the Mortgage Bankers Association estimated new-home sales dropped to their slowest annualized pace since April 2020 as higher borrowing costs chilled demand. The MBA’s...
The Mortgage Bankers Association is launching a professional-development program aimed directly at loan officers, including originators whose employers do not belong to the trade group.MBA Homebase was announced Monday at the association’s annual convention in...
Joe Tyrrell, chief executive of mortgage technology provider Optimal Blue, has joined the Mortgage Bankers Association’s board of directors for the association’s 2027 membership year. Optimal Blue announced the appointment October 11 and said Tyrrell was...
Mortgage lenders modestly tightened credit offerings in September, pulling back on some cash-out refinance and investor programs while leaving government-backed credit availability unchanged, according to the Mortgage Bankers Association’s latest Mortgage Credit...
Mortgage demand weakened again as borrowing costs climbed to their highest level in nearly three years, adding fresh evidence that the latest rate surge is pushing both homebuyers and refinance borrowers to the sidelines. Mortgage applications fell 4.2% for the week...