The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 8.6 percent compared with the previous week. The Refinance Index decreased 4.0 percent from the previous week to its lowest level since July 29, 2011. The seasonally adjusted Purchase Index increased 8.2percent from last week to its highest level since August 12, 2011.
Commercial and Apartment Mortgage Delinquencies Down, Best Performing Loans During U.S. Recession
March 6, 2012 by Isabelle Bolliger · Leave a Comment
According to two reports released this week by the Mortgage Bankers Association (MBA), commercial and multifamily mortgage delinquency rates declined during the fourth quarter of 2011. Continue reading…
Power Index Podcast – Most Powerful Mortgage Banks
February 19, 2012 by Isabelle Bolliger · Leave a Comment
Mike Ratliff and Jack Kern dissect the results from our 2012 survey of mortgage banking firms and explain why 2012 will see continued improvements for the lending environment. Make sure to read the full results from the February issue in our online research center or the digital edition of the magazine.
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Mortgage Application Volumes in U.S. Dip 1.2%
November 24, 2011 by Isabelle Bolliger · Leave a Comment
According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 18, mortgage applications decreased 1.2 percent from one week earlier (which included the Veterans Day holiday).
Mates urged to club together to get that elusive first mortgage
July 9, 2011 by Isabelle Bolliger · Leave a Comment
Lenders have been urged by housing minister Grant Shapps to offer “mates mortgages” to encourage more first-time buyers (FTBs) into the market.
Pooling together funds to meet the current deposit demands could be an ideal way to get a first foot on the ladder. But is buying with a friend really a good idea?
For anyone unable to access the Bank of Mum and Dad, the current market is a minefield of lukewarm lenders and hefty deposits. The average age of FTBs buying without help from family has now hit 37, according to government estimates, and the average deposit reached £26,582 in the first quarter of 2011, according to the Council of Mortgage Lenders (CML).
Reverse Mortgage Information Shows How Heirs are Affected by a Reverse Mortgage
April 14, 2011 by Jesse Spivakovsky · Leave a Comment
Whenever making a big financial decision, it is good to consider what will happen in the long run. Many reverse mortgage borrowers worry about how their actions now will affect their heirs in the future. This perception has fueled a lot of fear and bad press associated with reverse mortgage information. This article will explore the three main options available to reverse mortgage heirs.
What is a Reverse Mortgage?
In order to be eligible for a reverse mortgage, the borrower(s) must be at least 62 years of age and own their home. If they meet these requirements and use the home as a primary residence, they will have the opportunity to convert a portion of their equity into usable cash. Continue reading…