Despite lobbying by mortgage trade groups, two previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second…
Posts published in “mba”
Mortgage giants’ federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases. Source: Inman News
The Black Homeownership Collaborative also asks HUD to ditch a “life of loan” requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity. …
Rates for borrowers with lower credit scores who are making smaller down payments climbed past 7 percent on Monday. Source: Inman News
Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is…
Purchase loan applications fell 29 percent from the same period last year, the result of rising rates that are double their levels from 2021, according…
Requests to refinance accounted for almost two-thirds of all mortgage applications during the week ending Nov. 5. Source: Inman News
Demand for purchase mortgages was up a seasonally adjusted 2 percent from the week before but down slightly from a year ago. Source: Inman News
The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Source: Inman…
Mortgage forbearances decreased for the eighth consecutive week, though at a slower rate than the past two weeks, according to the latest Mortgage Bankers Association…