Mortgage application activity was on the rise again, according to data from the Mortgage Bankers Association (MBA) for the week ending Dec. 8. The MBA’s Market Composite Index was up by 7.4% on a seasonally adjusted basis from one week earlier while the unadjusted...
Mortgage credit availability declined in November, according to data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 1.7% to 96.5 last month; the index was benchmarked to 100 in March 2012. The...
Mortgage application activity was on the rise again, according to Mortgage Bankers Association (MBA) data for the week ending Dec. 1. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 2.8% on a seasonally adjusted basis from...
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit expressed unease over the Department of Veterans Affairs’ (VA) request that servicers pause foreclosure proceedings of VA-guaranteed loans. Earlier this month, the VA asked mortgage servicers for a...
The Mortgage Bankers Association (MBA) has awarded $156,463 in scholarships to 179 industry professionals under its Path to Diversity (P2D) Scholarship Program during the 2023 fiscal year that ended on Sept. 30. The scholarships were given to industry professionals...