U.S. foreclosures fall, but job market pushes delinquencies up
While foreclosures fell nationally in the second quarter of 2011, delinquencies are on the rise thanks to a meager...
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The VA way to finance a home
Picture a mortgage program that seems to defy many of the lessons of the housing bust: — 91 percent of its borrowers make zero down payments. — Loan amounts go well into the jumbo...
MBA head advocates for more federal mortgage lending
Mortgage Bankers Association President David Stevens switched positions today, advocating for a continuation of higher federal loan limits for...
Declining homeownership rates are normal
Homeownership rates (source: MBA) While some bemoan falling homeownership rates as another symptom of the flailing economy, research released today by the Mortgage Bankers Association shows the fall is merely a correction back to...
Mortgage applications increase nationwide
Mortgage applications increased 13 percent nationwide in the week ending June 10, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, released today. Refinance applications also jumped 16.5 percent from the...
Delinquency rate for CMBS loans reaches highest level since MBA figures began
In the first quarter of 2011, the delinquency rate for loans held in commercial mortgage-backed securities reached the highest...
Mortgage apps jump as rates keep falling
Mortgage activity rose across the U.S. last week as mortgage rates continued along their downward trend. According to data from the Mortgage Bankers Association, released today, mortgage loan application volume rose by 8.2 percent...
Apps for government-backed mortgages surge ahead of FHA premium hikes
U.S. mortgage refinance applications declined by 6.2 percent last week to their lowest level since February, while mortgage applications...
Appraisers get conservative, Grubb exec says
From left: Grubb & Ellis’ Robert Von Ancken and real estate attorney Edgar Gentry The optimistic, long-range revenue projections...
Mortgage rates may have bottomed out
A sustained increase in mortgage rates over the past several weeks could signal the end of the historic lows seen in 2010, analysts told the New York Times. The popular 30-year fixed-rate mortgage hit...