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By Dennis Norman, on September 30th, 2010 “It is particularly disheartening then that lenders are often the subject of ill considered accusations regarding discrimination, accusations based upon analyses that lack statistical rigor”- Michael Fratantoni, MBA’s Vice President of Research and Economics
Dennis Norman
This week the Mortgage Bankers Association (MBA) released a paper, “A Review of Statistical Problems in the Measurement [...]
By Dennis Norman, on September 22nd, 2010
Dennis Norman
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending September 17, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 3.3 percent from the week before. The four-week moving average of home purchase mortgage applications is [...]
By Dennis Norman, on September 15th, 2010 Dennis Norman
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending September 10, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased a modest 0.4 percent from the week before. The four-week moving average of home purchase mortgage [...]
By Dennis Norman, on September 8th, 2010 Dennis Norman
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending September 3, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 6.3 percent from the week before. The four-week moving average of home purchase mortgage applications is [...]
By Dennis Norman, on September 1st, 2010 Dennis Norman
Interest rates dropped to new record lows this past week bring out existing homeowners to refinance their existing mortgages and even bringing out some homebuyers.
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending August 27, 2010, the MBA Purchase Index (a measure of the volume [...]
By Dennis Norman, on August 18th, 2010
Dennis Norman
Record-low interest rates have brought out existing homeowners to refinance their existing mortgages at lower rates….however, the rates don’t seem to be having the same effect on home-buyers who still seem reluctant to pull the trigger and buy a home.
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for [...]
By Dennis Norman, on August 11th, 2010
Dennis Norman
For the fourth-consecutive week, there has been a little increase in consumers applying for a mortgage to buy a home. According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending August 6, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to [...]
By Dennis Norman, on August 4th, 2010
Dennis Norman
For the third consecutive week, there has been a little increase in consumers applying for a mortgage to buy a home. According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending July 30, 2010, the MBA Purchase Index (a measure of the volume of loan applications related [...]
By Dennis Norman, on July 28th, 2010
Dennis Norman
With mortgage rates near an all-time low one might expect a lot more people taking advantage and buying a home. However, even low interest rates have not been enough to fire up home-buyers although, for the second consecutive week, there has been a little increase in activity.
[...]
By Dennis Norman, on July 21st, 2010
Dennis Norman
Last week I said that in my real estate career I’ve not seen a time that lower interest rates didn’t spur some sort of activity in the market. Finally, it happened, at least a little. According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending July 16, [...]
By Dennis Norman, on July 14th, 2010
Dennis Norman
I’ve been in the real estate business for over 30 years now and hate to admit that I’m witnessing something now I’ve never seen before. Throughout my career I’ve seen the real estate market struggle at times usually at the hands of a recession, stagflation, high interest rates, high unemployment or some [...]
By Dennis Norman, on July 7th, 2010
Dennis Norman
While near historic-low mortgage interest rates are causing homeowners to refinance their existing mortgages, it does not appear the rates are bringing out the home-buyers. According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending July 2, 2010, the MBA Purchase Index (a measure of the volume [...]
By Dennis Norman, on June 23rd, 2010
Dennis Norman
After last weeks increase in loan applications from borrowers buying homes which broke a string of five consecutive weeks of decreases, the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending June 18, 2010 decreased from the prior week. The MBA Purchase Index (a measure of the volume of [...]
By Dennis Norman, on June 16th, 2010
Dennis Norman
After five consecutive weeks of decreases, the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending June 11, 2010 increased from the prior week. 7.3 percent. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 7.3 percent [...]
By Dennis Norman, on June 9th, 2010
Dennis Norman
I hate to say it, but, as the legendary Willie Nelson song goes, “Turn out the lights. The party’s over”
Back around November of last year I first wrote about the concern I had about the home-buyer tax credit program having the effect of a “sugar-rush” on the real estate market. [...]
By Dennis Norman, on June 2nd, 2010
Dennis Norman
Mortgage Applications Continue to Indicate Home Sales Are Slowing
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending May 28, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after decreasing in each of [...]
By Dennis Norman, on May 26th, 2010 Mortgage Applications Indicate Home Sales Are Slowing
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending May 21, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after decreasing a total of 36.6 [...]
By Dennis Norman, on May 19th, 2010 1st Quarter Delinquencies; Up? Down? He said – She Said…
If you frequent this site, then you may recall that a little over a week ago (May 10th to be exact) I wrote a post that said the delinquency rate for homeowners mortgages had dropped in the first quarter of this year, the first [...]
By Dennis Norman, on May 19th, 2010
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending May 14, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after decreasing 9.5 percent the prior week, plummeted 27.1 percent for the week. The [...]
By Dennis Norman, on May 12th, 2010
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending May 7, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after increasing the during each of the last three weeks, decreased 9.5 percent from [...]
By Dennis Norman, on May 5th, 2010
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 30, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after increasing the during each of the last two weeks, increased a whopping 13.0 [...]
By Dennis Norman, on April 28th, 2010
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 23, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 7.4 percent from the week before. The four-week moving average of home purchase [...]
By Dennis Norman, on April 21st, 2010
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 16, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 10.1 percent from the week before. The four-week moving average of home purchase [...]
By Dennis Norman, on April 14th, 2010
Dennis Norman
Home Loan Application Activity Index at 3rd Lowest Level Since June 2009
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 9, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 10.5 [...]
By Dennis Norman, on April 7th, 2010
Dennis Norman
Interest Rates at Highest Level Since August 2009
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 2, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 6.8 percent from the week [...]
By Dennis Norman, on March 31st, 2010 Homebuyer Tax Credit Extended Deadline is April 30, 2010 – Mortgage Applications Increase As Deadline Draws Near
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending March 26, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to [...]
By Dennis Norman, on March 17th, 2010 After Two Weeks of Increases, Home Loan Applications Decrease 1.9 Percent Last Week
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending March 12, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased [...]
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 data [...]
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 [...]
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) [...]
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