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By Dennis Norman, on March 9th, 2010
Dennis Norman
The Mortgage Bankers Association (MBA) released its report on the performance of commercial and multifamily mortgages in the fourth quarter of 2009. Their last report from a year ago showed that commercial and multifamily mortgages were among the best performing loans held by banks and thrifts. Now, a year later, the [...]
By Dennis Norman, on March 3rd, 2010
Home Loan Applications Jump 11.7 Percent Last Week after decreasing two prior weeks
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 26, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 11.7 percent [...]
By Dennis Norman, on February 24th, 2010
Home Loan Applications Drop 7.3 Percent Last Week after decreasing 4.0 percent the week before.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 19, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 7.3 percent [...]
By Dennis Norman, on February 17th, 2010
Home Loan Applications Drop 4.0 Percent Last Week.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 12, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 4.0 percent from the week before and the [...]
By Dennis Norman, on February 10th, 2010
Home Loan Applications Drop 7.0 Percent Last Week.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 5, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 7.0 percent from the week before and the four-week [...]
By Dennis Norman, on February 3rd, 2010
Home Loan Applications Jump 21.0 Percent Last Week.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending January 29, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 21.0 percent from the week before and [...]
By Dennis Norman, on January 27th, 2010
Fewer Home-buyers applying for loans in past week
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending January 22, 2010. The report showed the
By Dennis Norman, on January 13th, 2010
Home-buyers mortgage activity increases from week before…down from a month ago though
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending January 8, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 14.3 percent from the [...]
By Dennis Norman, on December 17th, 2009
Home-buyers mortgage activity dropping…refinances make up 3/4 of all new mortgages.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending December 11, 2009. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 3.6 percent from the [...]
By Dennis Norman, on December 8th, 2009
Dennis Norman
For the first year or so of the real estate slump, it appeared to just be concentrated in the residential market, specifically homes and condos. However, over the past few months the attention has shifted more and more to the commerical and multi-family markets as well as the economy remains weak.
The Mortgage Bankers [...]
By Dennis Norman, on November 20th, 2009
Unemployment Remains Main Cause of Delinquencies
The second quarter of this year saw mortgage delinquencies reported by the Mortgage Bankers Association hit the highest level since they began keep track of the data almost 40 years ago back in 1972. Unfortunately that record didn’t stand long and was broken by the mortgage delinquency rate for third [...]
By Dennis Norman, on November 18th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending November 13, 2009. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 4.7 percent from the week before making six-consecutive weeks of decreases and bringing the [...]
By Dennis Norman, on November 12th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending November 6, 2009. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 11.7 percent from the week before, bringing it to it’s lowest level since December 2000 in [...]
By Dennis Norman, on November 4th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October30, 2009. The report showed an decrease of 1.8 percent in mortgage loan applications for a home purchase from the week before in spite of the fact interest rates slipped back below 5 percent again on a 30-year fixed-rate [...]
By Dennis Norman, on October 29th, 2009
Dennis Norman
I have been talking a lot lately about the first-time home buyer tax credit of $8,000 that has stimulated some home buying but is set to expire on November 30th. I have also shared the efforts by organizations such as the National Association of REALTORS, The Mortgage Bankers Associaiton, The National Association of Home Builders and Fix [...]
By Dennis Norman, on October 29th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 23, 2009. The report showed an decrease of 5.2 percent in mortgage loan applications for a home purchase from the week as interest rates moved ever so slightly downward.
For the past four weeks mortgage applications for home purchases [...]
By Dennis Norman, on October 16th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released a report this week with a their forecast of where the economy, housing market and interest rates are headed for the balance of this year as well as next year.
While I think in these volatile times I think it is extremely difficult to make predictions with regard to our [...]
By Dennis Norman, on October 14th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 9, 2009. The report showed an increase of 1.8 percent in mortgage loan applications from the week as interest rates inched back above 5 percent for the first time in four weeks.
Refi’s continue to dominate the mortgage application activity with 67.4 [...]
By Dennis Norman, on October 7th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 2, 2009. The report showed an increase of 16.4 percent in mortgage loan applications from the week before fueled by interest rates remaing below 5 percent.
Unfortunately interest rates seem to be doing more for existing homeowners and [...]
By Dennis Norman, on September 23rd, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending September 18, 2009. The report showed an increase of 12.8 percent in mortgage loan applications from the week before fueled by interest rates dropping below 5 percent for the first time since mid-May.
The bulk of the activity (63.8 percent [...]
By Dennis Norman, on September 9th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending September 4, 2009. The report showed an increase of 17.0 percent in borrowers applying for home mortgages to buy a home from the week before. This marks the largest gain in the index since early April, putting the index at the [...]
By Dennis Norman, on August 27th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending August 21, 2009. The report showed an increase in borrowers applying for home mortgages of about 1 percent from the week before for borrowers buying homes and an increase of almost 13 percent from the week before for [...]
By Dennis Norman, on August 22nd, 2009
Dennis Norman
All the news lately about the housing market, home sales in particular, has been encouraging and showing signs of stabilization in the real estate market and demonstrating that the real estate market may have seen the worst. Just when you think you may be through the storm though you see another dark cloud lurking [...]
By Dennis Norman, on June 1st, 2009
Dennis Norman
By: Dennis Norman
According to a report issued by the Center for Responsible lending, the number of homes that have had foreclosure proceedings begun on this year broke the 1 million mark this past weekend. The Center for Responsible lending website has a rather depressing “foreclosure meter” that shows, in real time (sort of), [...]
By Dennis Norman, on April 30th, 2009
Dennis Norman
By: Dennis Norman
It seems home mortgages are in the news daily lately: record-low interest rates, record-high foreclosure rates, the sub-prime mortgage mess, lack of jumbo loans and so on. It’s confusing at best and causing much concern for many people wishing to buy a home or refinance their existing home mortgage.
H. John [...]
By Dennis Norman, on December 11th, 2008
By: Dennis Norman
Last week the average interest rate on 30-year fixed-rate mortgages dropped to 5.53% from 5.97%, making it the biggest one-week fall in 27 years! The Mortgage Bankers Associaiton also reported that mortgage loan applications were up over 100% during the week of November 24th after news that the Fed’s plan to buy mortgages.
In addition, as I [...]
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