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Commercial and Multifamily Mortgage Performance Remains Better Than Other Loans

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 still [...]

Mortgage Interest Rates Drop Back Below 5 Percent

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 [...]

Mortgage Rates Inch Up - Homebuyer Applications Decreased Again Last Week

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 [...]

Mortgage Loan Rates Remain Low - Fewer Home Buyers Taking Advantage

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 [...]

30 Year Mortgage Interest Rates Drop Below 5 Percent

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 [...]

Mortgage Interest Rates Hold Steady-Loan Applications Jump Over 20 Percent

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 [...]

Mortgage Loan Interest rates remain fairly steady

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

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Mortgage interest rates drop slightly-Mortgage applications increase

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 [...]

Commercial/Multifamily Real Estate Market Continues to Feel Effects of Economic Downturn

The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the third quarter of 2009. Though technically the third quarter likely marked the end of the recession, strains on various parts of the commercial/multifamily real estate market continue to be felt.This analysis focuses on the overall state of the [...]

Profits drop for independent Mortgage Bankers

MBA Study Shows Narrowing in Profit Margins For Independent Mortgage Bankers and Subsidiaries

Independent mortgage bankers and subsidiaries made an average profit of $902 on each loan they originated in the third quarter of 2009, according to the Mortgage Bankers Association (MBA).  This profit marks a decrease from the second quarter of 2009 when profits averaged [...]

Mortgage interest rates creep up slightly

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 week [...]

Commercial and multi-family properties mortgage delinquencies on the rise

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 Association [...]

Mortgage delinquencies set new record in third quarter

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 [...]

MBA's Purchase Index for mortgages drops again; Now at lowest level in 12 years

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 [...]

MBA's Purchase Index for mortgages drops to lowest level in almost 9 years

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 [...]

Interest rates drop back below 5 percent; Home loan applications decrease

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 [...]

Legislation passes to extend GSE's and FHA's current loan limits through end of 2010

Dennis Norman

A few days ago I did a post about the negative impact the housing market was feeling as a result of the upcoming expiration of the temporarily increased loan limits for loans insured by Freddie Mac, Fannie Mae and FHA as a result of the American Recovery and Reinvestment Act of 2009.

Today I have good [...]

Home buyer tax credit update

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 [...]

Mortgage Interest Rates drop slightly; Applications for home purchase drops 5.2 percent

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 [...]

Upcoming Expiration of Increased Loan Limits for GSE's and FHA already impacting buyers

Dennis Norman

As if the fragile housing market didn’t already have enough deadlines to be concerned about, namely the home-buyer tax credit that has been a much-needed shot in the arm to the housing market and is set to expire November 30th, now there’s another deadline looming on the horizon:  The American Recovery and Reinvestment Act [...]

Interest rate inch up over 5 percent; Loan apps drop

Dennis Norman

By: 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 [...]

Mortgage interest rates on 30 year loan stay below 5 percent for third consecutive week

Dennis Norman

By: 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 [...]

Interest rates drop below 5 percent for 30 year fixed rate loan; applications increase

Dennis Norman

By: 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.

Unfortunately for real estate [...]

Is another bubble going to burst in the real estate market?

Dennis Norman

Thanks to what has happened to the housing market as well as home prices over the past two years I have come to hate the word “bubble” and believe me, I think it has been way over-used by people writing about and discussing the real estate market.  So I cringed as I typed the title to [...]