The Mortgage Bankers Association’s Weekly Application Survey’s latest survey cites the ongoing trade dispute with China as a source of worry for potential homeowners holding off home buying. As Treasury yields have fallen in the past few weeks, so too has the 30-year, fixed-rate mortgage (FRM). On a seasonally adjusted basis, refinancing activity fell by 6.0% from the previous week…. Read More ›
Tag Archive for ‘mortgage bankers association’
“Seriously Delinquent” Loans Decline
The quarterly National Delinquency Survey from the Mortgage Bankers Association shows a decline in the serious delinquency rate across all the categories of loans, continuing the downward trend that has persisted since the middle of the Great Recession. These categories of loans are Conventional loans, VA loans, and FHA-insured loans, for which the serious delinquency rates as of March 2019… Read More ›
Conventional Mortgages Outpace Government Mortgages for Purchase
The latest data from the Mortgage Bankers Association’s Weekly Application Survey for the week ending on April 19 show a decrease in purchasing and refinancing activities, with refinancing decreasing for the third consecutive week. On a seasonally adjusted basis, refinancing activity decreased by 11%. March showed a strong rally in purchasing activity, evidenced by the decrease in rates and increase… Read More ›
Refinancing Activity Soars Due to Rate Declines
Amid growing concerns about housing affordability, the latest data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey show a surge in home refinancing, a week-to-week increase of 39% on a seasonally adjusted basis. The increase is contemporaneous with the fourth consecutive week of mortgage rates’ declining. Despite the widespread decrease in mortgage rates, changes in purchasing activity (i.e.,… Read More ›
2018 Third Quarter Mortgage Originations Grow from Prior Quarter
Household Debt and Credit reports, released by the Federal Reserve Bank of New York, show that mortgage balances, which make up the majority of household debt, increased by $141 billion in the third quarter of 2018 from the previous quarter to reach an outstanding amount of $9.14 trillion. They also show that mortgage originations increased by about $8 billion from… Read More ›
Share of Past Due Mortgages Reaches Post-Recession Low
Information released by the Mortgage Bankers’ Association (MBA) indicates that the share of all 1-4 family mortgage loans past due has returned to a level of normality. According to the MBA’s National Delinquency Survey, the share of all 1-4 family mortgages considered past due fell by 14 basis points to 4.52 percent. One year ago 4.99 percent of loans were… Read More ›
Serious Delinquency Rate on Single-family Mortgages Continues to Drop
In its quarterly National Delinquency Survey, the Mortgage Bankers Association reported that 3.11% of 1-4 family mortgages were seriously delinquent in the second quarter of 2016. Measured on a not seasonally adjusted basis, the rate of serious delinquency, which includes both mortgages that are 90 or more days past due and mortgages in foreclosure, was 0.84 percentage point less than the 3.95%… Read More ›
Serious Delinquency Rates Continue to Fall
In its quarterly National Delinquency Survey, the Mortgage Bankers Association reported that 3.29% of 1-4 family mortgages were seriously delinquent in the first quarter of 2016. Measured on a not seasonally adjusted basis, the rate of serious delinquency, which includes both mortgages that are 90 or more days past due and mortgages in foreclosure, was 0.95 percentage point less than… Read More ›
Falling Delinquency Rate Points to Continued Healing
The delinquency rate for first-lien mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 4.99% of all loans outstanding at the end of the third quarter of 2015, 31 basis points less than its level in the second quarter of 2015 and 86 basis points below its level one year ago. According to a report… Read More ›
“Lien-ing” In: What is behind the Continued Recovery of Mortgage Default Rates?
According to a report by the Mortgage Bankers’ Association (MBA) the delinquency rate for first-lien mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 5.54% of all loans outstanding at the end of the first quarter of 2015, 14 basis points less than its level in the fourth quarter of 2014 and 57 basis points… Read More ›