Housing Wire
SEPTEMBER 23, 2020
Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. Refinances also nearly reached two thirds share of mortgage activity last week, increasing to 64.3% of total applications from 62.8% from 3.07%.
Housing Wire
SEPTEMBER 11, 2020
Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% trillion, the most since 2003, MBA said. 20 forecast.
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Housing Wire
DECEMBER 2, 2020
The Mortgage Bankers Association reported that applications dropped 0.6% Kan added that a sustained period of low mortgage rates continues to “spark borrower demand,” leading to the mortgage industry being poised for its strongest year in originations since 2003. during the week ending Nov. 27 in its latest weekly survey.
Housing Wire
MAY 13, 2024
A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. that use trended credit bureau data.
Housing Wire
OCTOBER 22, 2020
history next to 2003. Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb. Conclusions ?
Appraisal Today
MAY 10, 2024
VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.
Lamacchia Realty
JANUARY 30, 2024
The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments. In 2023, there were 16,348 homes placed under contract, representing a decrease of 16.4% Maine Sales Decreased by 18.9%
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