Real estate industry welcomes flood insurance extension, reform

With a three-month extension of the National Flood Insurance Program set to expire in less than a month, the real estate industry on Tuesday cheered the passage of new House legislation that would reauthorize and reform the ailing 49-year-old insurance…

MBA: Mortgage Apps Up Across the Board

Mortgage applications rose 3.1 percent over the week, according to data gathered in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s Refinance Index grew 4 percent, as well, while the Purchase Index grew 2 percent. The refinance share of mortgage activity increased to 45.6 percent of total applications from 45.4 percent the […]

The post MBA: Mortgage Apps Up Across the Board appeared first on RISMedia.

MBA: Mortgage Apps Rise, Refis Fall

Mortgage applications rose 5.8 percent over the week, according to data gathered in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s Refinance Index grew 4 percent, as well, while the Purchase Index grew 45 percent. The refinance share of mortgage activity, however, decreased to 51.2 percent of total applications from 52.2 percent […]

The post MBA: Mortgage Apps Rise, Refis Fall appeared first on RISMedia.

7 things to know from Ben Carson’s HUD confirmation hearing

The Senate Banking committee had a hot seat reserved for Donald Trump’s Department of Housing and Urban Development (HUD) secretary nominee, Ben Carson, at this week’s confirmation hearing …

MBA: Mortgage Apps Fall 12 Percent

Mortgage applications fell 12 percent over the most recent two-week period, according to data gathered in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s Refinance Index declined 22 percent, as well, while the Purchase Index declined 41 percent. The refinance share of mortgage activity, however, increased to 52.2 percent of total applications […]

The post MBA: Mortgage Apps Fall 12 Percent appeared first on RISMedia.

New home purchases down in June despite low mortgage rates

Most economists predict that when mortgage rates fall — especially to the near-historic lows they’ve reached lately — more people will apply to purchase a new home. However, that does not seem to be the case in the latest Mortgage Bankers Association…

Why interest rates are going to rise

Why are leading housing economists such as Sean Becketti of Freddie Mac, Mike Fratantoni of the Mortgage Bankers Association and National Association of Realtors’ Lawrence Yun still worried about rates on the long term? Although Becketti has lowered es…

Memory loss shakes aging Americans’ housing decisions

The Mortgage Bankers Association’s Research Institute for Housing America (RIHA) released a report that explores how older Americans’ cognitive health impacts their ability to make sound decisions about their homes and finances …

How to help clients get into homes despite tight mortgage credit

Despite years of recovery and stabilization, as well as increased demand for housing purchase loans, mortgage credit remains tight today. In fact, according to the Mortgage Bankers Association, mortgage credit availability decreased 2.4 percent this pa…

TRID is causing problems, but not paralysis

When the real estate industry was preparing for TRID — the new set of disclosure rules outlined by the Consumer Financial Protection Bureau (CFPB) — closing delays were the biggest industry concern. And although the delays have been widely reported, …