Tag Archive for ‘finance’

Lending Standards on Prime Residential Mortgages Ease Only Slightly but Demand Remains Strong

Results from the Federal Reserve Board’s Senior Loan Officer Opinion Survey indicate that, on net, a small fraction of banks eased their lending standards for business and consumer loans over the previous three months. They also reported that respondents noticed little change in residential real estate lending standards on balance. Meanwhile, a significant share of banks reported a strengthening of… Read More ›

Mortgage Applications For Purchase Remain Flat Even As Home Sales Climb

According to recently released data by the Mortgage Bankers Association, total mortgage applications fell by 4.8% in the week ending on October 26, 2012. This is the fourth consecutive week that the index has fallen. The most recent decline in total mortgage applications reflects a decrease in applications for refinancing. The 6.0% decline in the index of refinancing applications was… Read More ›

MBA Data Suggest Mortgage Demand for Home Purchase Is In Early Stages of Recovery

According to the Mortgage Bankers Association (MBA), the seasonally adjusted total mortgage applications index, a measure of mortgage demand, declined by 4.2% in the week ending on October 12, 2012. The reported decline in the weekly total mortgage applications index reflected a 5.3% decrease in MBA’s total refinance application index. Applications for refinancing represent 81.7% of total applications. While the… Read More ›