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Refinancing Outpaces Purchase Loans in Latest MBA Data

Refinancing Outpaces Purchase Loans in Latest MBA Data

by Phil Hall | Apr 10, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Refinance activity outpaced purchase loans in the latest data from the Mortgage Bankers Association (MBA) covering the week ending April 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.1% on a seasonally...
Mortgage Credit Availability Up in March

Mortgage Credit Availability Up in March

by Phil Hall | Apr 9, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability increased last month, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) was up by 1.1% in March to 93.9; the index was benchmarked to 100 in March 2012. The...
Mortgage Application Activity is Down Again

Mortgage Application Activity is Down Again

by Phil Hall | Apr 3, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications were down slightly in the latest data from the Mortgage Bankers Association (MBA) covering the week ending March 29. The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 0.6% on a seasonally adjusted...
MBA Voices Opposition to Biden’s Rent Cap Proposal

MBA Voices Opposition to Biden’s Rent Cap Proposal

by Phil Hall | Apr 1, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Mortgage Bankers Association (MBA) has announced its opposition to a Biden administration plan to impose a 10% cap on annual rent hikes on properties that rely on the Low-Income Housing Tax Credit (LIHTC). In a press statement, MBA President and CEO Bob Broeksmit...
NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

by Phil Hall | Mar 28, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Finance Agency, Federal Housing Administration, Fannie Mae, and Freddie Mac requesting confirmation that homebuyers can continue to access...
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