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FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.
MBA Opens Doors Foundation Kicks Off 2021 Fundraising Season with More Than $2.7 Million...
The MBA Opens Doors Foundation (Opens Doors) today announced it received $2.71 million in corporate and individual donations during its two-day FY 2021 fundraising campaign
3 Reasons Why You May Want to Refinance Your Mortgage
Purchasing a home is a major financial transaction, and usually involves the potential homeowner becoming a borrower as well. Most homeowners secure mortgages that last for 30 years
Exploring the 2020 Craze of Refinancing and Remortgaging
Across the United States, not only are financial institutions noting the fluctuating state of mortgages, but homeowners are also looking to take advantage of the situation.
Share of Mortgage Loans in Forbearance Declines to 7.16%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 4 basis points from 7.20% of servicers' portfolio volume in the prior week to 7.16%
Mortgage Credit Availability Decreased in August
Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool
Three Government Loan Programs for First time Home Buyers
A growing concern among millennials who want to purchase a home is that they cannot afford it. In fact, according to a recent poll by The Urban Institute, 53% of millennials say they cannot afford to buy a home because of the high down payment required. In the same poll it also states that 33% of millennials don’t purchase a home because they believe that they can’t qualify for a mortgage.
Benefits Of Hiring A Bellevue Mortgage Company When Buying A New Home
Searching for a home is a great experience. Some things can be compared to the process of searching for your new primary residence. At the same time, the search for a new home can be a bit daunting. The way toward finding a home and applying for a home loan advance is unpredictable and requires a ton of time and mental effort. To find the right home, you must first locate it, and then you must inspect it properly, move it further.
IMB Production Profits Soar in Second Quarter of 2020
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $4,548 on each loan they originated in the second quarter of 2020, up from a reported gain of $1,600 per loan in the first quarter of 2020
Share of Mortgage Loans in Forbearance Remains Flat at 7.20%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance remained unchanged relative to the prior week at 7.20%
MBA Statement on FHFA Extending Pandemic-Related Programs
MBA's President and CEO Bob Broeksmit, CMB, issued the following statement on the announcement by the Federal Housing Finance Agency (FHFA) extending, through September 30, 2020, Fannie Mae and Freddie Mac's loan origination flexibilities
Share of Mortgage Loans in Forbearance Declines Slightly to 7.20%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 7.21% of servicers' portfolio volume in the prior week to 7.20%
Existing-home sales continued on a strong, upward trajectory in July, marking two consecutive months...
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 7.21%
Do I Need Personal Liability Insurance for My Property?
When you own a property, you have a lot of responsibilities which you must deal with. You have to maintain and look after that property, as well as ensure that it is safe. You’ll want to ensure that you have secured your home for the whole family
How Credit Score Affects Your Home Loan
Your credit score is crucial when you are applying for a home loan. Lenders, upon knowing what your credit score, can fairly estimate the quality of your credit, or the amount of risk that may be involved in extending you a loan.
New Refinancing Fee Could Roil Mortgage Market
National Association of Realtors® President Vince Malta issued the following statement in response to Wednesday’s announcement by Fannie Mae and Freddie Mac of plans to impose a new 0.5% adverse-market fee
Mortgage Delinquencies Spike in the Second Quarter of 2020
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
Share of Mortgage Loans in Forbearance Decreases for the Eighth Straight Week to 7.44%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 23 basis points from 7.67% of servicers
July New Home Purchase Mortgage Applications Increased 39 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2020 shows mortgage applications for new home purchases increased 39 percent compared from a year ago.
MBA Study Finds Home Equity Lending Growth Hindered by Alternative Products and COVID-19
Home equity loan debt outstanding and borrower utilization rates declined in 2019, and mortgage lenders anticipate originations to fall again this year before increasing modestly in 2021. This is according to the Mortgage Bankers Association's (MBA)
