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Mortgage applications volume dropped 10 percent on a seasonally adjusted basis during the week ended November 11 according to results of the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The non-seasonally adjusted decrease in MBA's Market Composite Index was 19.6 percent...
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The Mortgage Bankers Association's (MBA's) Market Composite Index, a measure of mortgage loan application volume , fell 4.3 percent on a seasonally adjusted basis during the week ended September 30. Unadjusted, the Index was down 4.5 percent from the week ended September 23. The Refinance Index and the...
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The Mortgage Bankers Association (MBS) has released its Weekly Mortgage Applications Survey for the week ending September 2, 2011. MBA's seasonally adjusted Market Composite Index, a measure of loan application volume, was down for the third consecutive week, decreasing 4.9 percent from the Index during...
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A decline in refinancing pushed the volume of mortgage applications lower during the week ended August 26 according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey. The Survey's Market Composite Index which measures application volume was down 9.6 percent on a seasonally adjusted...
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The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending August 19, 2011. With purchase mortgage applications at the lowest level since 1996, the Market Composite Index, a measure of mortgage application volume, decreased 2.4 on a seasonally adjusted...
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Jay Brinkmann, the Mortgage Bankers Association's (MBA's) Chief Economist, told reporters on Monday that MBA's National Delinquency Survey (NDS) for the second quarter of 2011 combines good news with not so good news. "While overall mortgage delinquencies increased only slightly between the first and...
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The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Application Survey for the week ending August 12, 2010. MBA's Market Composite Index, a measure of mortgage application volume, increased 4.1 percent on a seasonally adjusted basis from one week earlier. This follows a jump of...
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The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 29, 2011. Excerpts from the Release... The Market Composite Index, a measure of mortgage loan application volume, increased 7.1 percent on a seasonally adjusted basis from one week...
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Transparency is critical and today much of the paperwork associated with a mortgage is far too confusing. Recent government regulations have made credit products, especially mortgages, even more opaque with mandated disclosures in obscure legal language produced in small type. As a result, an extra burden...
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The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 22, 2011. Last week the MBA reported a 23.1 percent increase in the number of refinance applications taken during the week of June 15th. This was the largest jump since January 2010...
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According to the latest report from the Mortgage Bankers Association's (MBA) Research Institute for Housing America (RIHA) the continuing decline in homeownership rates is merely returning the country to more normal levels. The RIHA report " Homeownership Boom and Bust 2000 to 2009: Where will the Homeownership...
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The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 8, 2011. This week's results include an adjustment to account for the Fourth of July holiday. Excerpts from the Release... The Market Composite Index, a measure of mortgage loan application...
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Last week, as reported here the new Consumer Financial Protection Bureau (CFPB) released a second version of prototype documents designed to integrate disclosure forms mandated by the Real Estate Settlement and Procedures Act (RESPA) and the Truth in Lending Act (TILA). Consolidation of the two forms...
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The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 1, 2011. The gist of today's release is that any mini-refi-boom that may have precipated by recently lower rates is--SURPRISE!--sensitive to rising rates! The average contract interest...
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Independent mortgage banks and subsidiaries saw a huge dip in profitability as the average they made on each loan originated dropped from $1,082 per loan in the fourth quarter of 2010 to $346 in the first quarter of this year. According to the Mortgage Bankers Association's (MBA) Mortgage Bankers Performance...