The Real Deal New York

Posts Tagged ‘mortgage banker’s association’

  • U.S. mortgage applications rose 7.5 percent for the week ending Feb. 3, according to weekly data released today by the Mortgage Bankers Association. The rise followed two weeks where application numbers fell.

    Refinances increased 9.4 percent week-over-week, while mortgage applications for purchases increased only 0.1 percent. Refinances comprised exactly four-fifths of all applications, down from 81.3 percent the previous week. [more]

  • Mortgage applications decreased for a second consecutive week, according to data from the Mortgage Bankers Association for the week ending Jan. 27.

    Overall applications fell 2.9 percent from the previous week, as refinances decreased 3.6 percent and mortgages applications for purchases declined 1.7 percent. Refinances comprised exactly four-fifths of all applications, down from 81.3 percent the previous week. [more]

  • After the previous week’s monumental rise, U.S. mortgage applications fell back to earth and declined 5 percent for the week ending Jan. 20, according to weekly data released today by the Mortgage Bankers Association. Mortgage applications for purchases dropped 9.7 percent while applications for refinancings, which comprised 81.3 percent of total applications compared to 82.2 percent the previous week, declined 5.2 percent. [more]

  • Mortgage applications rallied again for the week ending Jan. 13, rising 23.1 percent from the previous week, according to weekly data from the Mortgage Bankers Assocation released today. That follows a 4.5 percent increase recorded for the week ending Jan. 6.

    The surge was powered by a 26.4 percent increase in refinancing applications, which comprised 82.2 percent of all mortgage activity, its highest share since October 2010. [more]

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    U.S. mortgage applications decreased 3.7 percent on a seasonally adjusted basis between Dec. 16 and Dec. 30, according to weekly data from the Mortgage Bankers Association released today. Both refinances and purchases declined during the period, by 1.9 percent and 9.7 percent, respectively. Still, total mortgage loan application volume remained 39 percent higher in the final two weeks of 2011 than it did over the same period a year prior. [more]

  • U.S. mortgage applications decreased 2.6 percent on a seasonally adjusted basis for the week ending Dec. 16, according to weekly data from the Mortgage Bankers Association released today. Unadjusted, the decline was 2.8 percent.

    Mortgage applications for purchases fell 4.9 percent, on a seasonally adjusted basis, while refinancing applications stumbled 1.6 percent. Refinancings comprised 80.7 percent of mortgage applications last week, up from 79.7 percent the week before to their highest level of the year. The adjustable-rate mortgage share of activity dropped to a year-low 5.1 percent from 5.6 percent.

    In November, the average loan size was $217,774, up from $213,430 in October. – Adam Fusfeld [more]

  • Thanks to a big bump in refinances, U.S. mortgage applications increased 4.1 percent on a seasonally adjusted basis for the week ending Dec. 9, according to weekly data from the Mortgage Bankers Association released today. Unadjusted, the index rose 4.2 percent.

    Mortgage applications for purchases fell 8.2 percent, on a seasonally adjusted basis, but refinancing applications compensated for that decline, rising 9.3 percent. Refinancings comprised 79.7 percent of mortgage applications last week, up from 76.0 percent the week before. The adjustable-rate mortgage share of activity decreased to 5.6 percent from 5.7 percent. – Adam Fusfeld [more]

  • Mortgage complaint window is now open

    December 08, 2011 05:34PM

    Got a beef with your mortgage lender? Is your bank unresponsive when you complain that your escrow account is fouled up and making your monthly payments needlessly high?

    Did your loan officer bait-and-switch you into a more costly home loan than you were originally promised? Or worse yet: Did your home loan servicer ignore you when you told him you’ve had an unexpected drop in income and needed a modification to avoid missing payments?

    If any of these situations sound familiar, here’s a heads-up about the newest and least-publicized source of federal help: the Consumer Financial Protection Bureau’s home mortgage complaint and dispute resolution hotline. [more]

  • U.S. mortgage applications fell for the third consecutive week, free-falling 11.7 percent on seasonally a adjusted basis for the week ending Nov. 25, according to weekly data from the Mortgage Bankers Association released today. Unadjusted, the index fell 39 percent compared to last week, largely because of the Thanksgiving holiday.

    Mortgage applications for purchases fell 0.8 percent, on a seasonally adjusted basis, after reaching a seven-month peak last week at 8.6 percent — their highest levels in seven months — while refinancing applications decreased 15.3 percent from the prior week’s four-month low. – Adam Fusfeld [more]

  • Following a big decline the prior week, U.S. mortgage applications fell another 1.2 percent on a seasonally adjusted basis for the week ending Nov. 18, according to weekly data from the Mortgage Bankers Association released today. Unadjusted, mortgage applications rose 8.6 percent, in part because of the affect of the Veterans Day holiday the prior week.

    Mortgage applications for purchases gained 8.6 percent to their highest levels in seven months, while refinancing applications decreased 4 percent from the prior week to their lowest levels in almost four months. – Adam Fusfeld [more]