Mortgage Rates Surged to Nearly 7 Percent This Week
Nonetheless, mortgage applications actually increased slightly from the prior week, driven by a rise in FHA and VA purchase applications.
The Wait for RON Goes On
Before Massachusetts mortgage borrowers get to use newly legalized remote online notarization, they’ll have to wait the rest of the year for state officials to create guidelines for these transactions.
MBA: Purchase Mortgage Applications Reach 28-Year Low
Purchase mortgage applications for the second straight week reached the lowest level since 1995 amid rising interest rates, according to the Mortgage Bankers Association.
MBA: Loan Forbearances Start to Decline Again
As the mortgage industry moves closer to the end of new COVID-related forbearances, the number of homeowners in forbearance decreased last month, according to the Mortgage Bankers Association.
MBA Sees ‘Pockets of Weakness’ in Forbearance Data
While the number of homeowners in forbearance remained unchanged last month, the Mortgage Bankers Association said it saw signs of weakness in November’s data.
MBA: Forbearance Rate Increases for First Time Since 2020
The number of homeowners in forbearance increased last month for the first time in more than two years, partly thanks to Hurricane Ian’s hit to Florida homebuyers.
MBA: Mortgage Applications at Slowest Pace Since 1997
Mortgage application activity last week slowed to a pace not seen in 25 years as mortgage rates continued to rise, according to the Mortgage Bankers Association.
Purchase Loan Apps Dwindled as May Closed
After briefly rallying in the face of rising interest rates earlier this spring, the number of prospective homebuyers seeking home loans dwindled over the course of May.
Mortgage Applications Drop Slightly in Latest MBA Survey
Mortgage applications decreased 1.3 percent from one week earlier; however, both conventional and government purchase applications increased.
MBA: More Borrowers Current on Mortgage Payments
In its monthly Loan Monitoring Survey released this week, the Mortgage Bankers Association found that the total number of loans now in forbearance decreased by 12 basis points.
Banker & Tradesman’s Editorial Cartoon: Finally Arriving on Platform 1
Like so many parts of the MBTA, the new Green Line Extension is late – 31 years after being first agreed to, to be precise.
MBA: Pace of Forbearance Exits Picks Up
Forbearance exits have reached the fastest pace in six months, a pace that the Mortgage Bankers Association expects to continue in the coming weeks.
MBA: Pace of Forbearance Exits Slows
While mortgage forbearances have continued to decline, the number of borrowers exiting forbearance recently reached its slowest pace in more than a year, according to the Mortgage Bankers Association.
Report: Mortgage Delinquencies Took a Dive in March
Only 217,000 residential mortgage-holders became past-due in March, according to a new report from Black Knight, the lowest on record.
Homeowners Gained Record Amount of Equity in Q3
The average Massachusetts homeowner gained $31,000 in equity in the third quarter on a year-over-year basis, CoreLogic reported, nearly double the national average.
MBA Forecasts Big Drop in Lending for Developments This Year
The COVID-19 pandemic’s nearly year-long drag on the commercial real estate industry will likely lead to 2020 closing out the year with a large drop in loans issued by commercial and multifamily mortgage bankers.
Forbearances Flat After Declining for Weeks
The total number of mortgage loans in forbearance remained flat after 10 straight weeks of decline, according to the latest survey from the Mortgage Bankers Association.
Refi Applications Fall Again for Third Week
Mortgage refinance applications across the country continued to decrease in August, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Refi Applications Continue to Fall
Mortgage refinance applications across the country decreased for the second week in a row, according to data from the Mortgage Bankers Association
Mortgage Delinquencies Spiked in Q2
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.22 percent of all loans outstanding at the end of the second quarter of 2020, according to the Mortgage Bankers Association’s National Delinquency Survey.
