Apply Online
Schedule a Call

Mortgage Bankers Association

New-home purchase mortgage demand kept growing in July

HWmember, Joel Kan, LendingLife, Mortgage, Mortgage applications, Mortgage Bankers Association, New Home Sales, Origination, Purchase Applications /

The Mortgage Bankers Association (MBA)’s Builder Application Survey data for July 2025, released on Monday, shows that mortgage applications for new-home purchases increased 6.8% compared from a year ago. Compared to June 2025, applications increased by 7%. This change does not include any adjustment for typical seasonal patterns. “Purchase activity for new homes strengthened in […]

New-home purchase mortgage demand kept growing in July Read More »

New-home loan applications surge to three-month high

Homebuilders, Mortgage applications, Mortgage Bankers Association, Originations /

Mortgage applications for new-home purchases accelerated in July, as borrowers took advantage of homebuilder concessions and a drop in interest rates, according to new industry data. New single-family residential mortgage applications rose 6.8% year over year last month, according to the Mortgage Bankers Association. The increase coincided with greater overall mortgage activity in the back

New-home loan applications surge to three-month high Read More »

MBA opposes GSE merger, supports explicit government guarantee

Conservatorship, Fannie Mae, Freddie Mac, GSE Reform, GSEs, HWmember, LendingLife, Mike Fratantoni, Mortgage, Mortgage Bankers Association, Regulatory, Stock Market, Trump administration /

In the debate over whether Fannie Mae and Freddie Mac should merge, the Mortgage Bankers Association (MBA) has remained consistent: “We don’t think that would be a good idea,” chief economist Mike Fratantoni said. The trade group supports a stock offering that preserves stability in the secondary mortgage market while advocating for privatization with an

MBA opposes GSE merger, supports explicit government guarantee Read More »

Late-stage delinquencies, foreclosures see noticeable spike

Distressed, Industry News, Mortgage Bankers Association, Servicing /

New mortgage delinquencies showed overall improvement in loan performance, but in what could be a more concerning trend, later-stage distress and foreclosures trended upward in the second quarter. The overall delinquency rate decreased to a seasonally adjusted 3.93% during the quarter, reflecting pullbacks from both three months and one year earlier from 4.04% and 3.97%,

Late-stage delinquencies, foreclosures see noticeable spike Read More »

Jumbos, ARMs drive uptick in credit availability

LOAN PRODUCTS, Mortgage Bankers Association, Originations /

Home lending credit reversed course following a one-month dip, with availability returning to the upside even as conforming product offerings declined in July, according to the Mortgage Bankers Association.   The MBA’s credit availability index edged up 0.2% month over month to a reading of 103.9. The score rose from 103.7 in June, which was the

Jumbos, ARMs drive uptick in credit availability Read More »

Mortgage application payments decline in June

Affordability, HWmember, LendingLife, Mortgage, Mortgage applications, Mortgage Bankers Association, Origination, Purchase Applications /

Homebuyer affordability improved in June, as evidenced by the national median payment for purchase mortgage applicants decreasing to $2,172 — down from $2,211 in May. That’s according to the Mortgage Bankers Association (MBA)’s Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time relative to income, using data from MBA’s

Mortgage application payments decline in June Read More »

Home equity debt rose 10% in 2024, making it a ‘product of choice’

Debt, HELOCs, Home Equity, Home equity loans, HWmember, Marina Walsh, Mortgage, Mortgage Bankers Association /

Total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans increased in 2024 by 7.2% from the previous year, when comparing originators that reported in both years. That’s according to the Mortgage Bankers Association (MBA)’s 2025 Home Equity Lending Study. The study, conducted in the spring of 2025 and using

Home equity debt rose 10% in 2024, making it a ‘product of choice’ Read More »

Bipartisan legislation aims to expand ADU financing

accessory dwelling units, Affordability, Affordable housing, Homebuilders, Housing Inventory, Housing Market, HUD, HWmember, Legislation, Mortgage Bankers Association, NAHB, Politics, U.S. House of Representatives /

A bipartisan bill introduced last week in the U.S. House of Representatives seeks to address the nation’s housing shortage by expanding financing options for accessory dwelling units (ADUs). Reps. Sam Liccardo (D-Calif.) and Andrew Garbarino (R-N.Y.) unveiled H.R. 4568 — the Supporting Upgraded Property Projects and Lending for Yards (SUPPLY) Act. The proposed legislation would

Bipartisan legislation aims to expand ADU financing Read More »

Trade groups applaud Jonathan Gould’s confirmation to OCC

Bob Broeksmit, Cryptocurrency, HWmember, Mortgage, Mortgage Bankers Association, Office of the Comptroller of the Currency, Regulatory, Senate, Trump administration /

On Thursday, the U.S. Senate confirmed Jonathan Gould as head of the Office of the Comptroller of the Currency (OCC) in a 50-45 vote. The confirmation marks another Trump administration appointee who supports more lenient oversight of the banking sector and a more welcoming stance toward cryptocurrency. Gould previously held roles at the OCC during

Trade groups applaud Jonathan Gould’s confirmation to OCC Read More »

Groups petition Supreme Court over New York foreclosure statute

American Bankers Association, Foreclosure, HWmember, Legal, Mortgage, Mortgage Bankers Association, New York, Supreme Court /

A group of banking and mortgage associations is trying to get the U.S. Supreme Court‘s attention due to constitutional concerns about the state of New York’s Foreclosure Abuse Prevention Act (FAPA). Friedman Vartolo LLP announced on Monday that it has filed an amicus curiae brief with the Supreme Court on behalf of five of the

Groups petition Supreme Court over New York foreclosure statute Read More »