Jann Swanson May 15, 2020 The Mortgage Bankers Association (MBA) says applications for financing new home purchases were down 25 percent in April compared to March and by 12 percent year-over-year. This data from MBA’s Builder Application Survey (BAS) does not include any adjustment for typical seasonal patterns. “New home purchase applications severely weakened in April, which…

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Three prominent mortgage industry leaders predict pent-up demand and a still-percolating purchase market will blossom in the post-pandemic weeks Phil Hall April 24, 2020 The challenges facing the mortgage industry were raised by three prominent industry leaders during a webinar sponsored by the National Association of Minority Mortgage Brokers of America. Kristy Fercho, president of mortgage…

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Mike Sorohan April 22, 2020 Several reports this week suggest despite the crippling effect the coronavirus has had on the spring housing market, home prices continue to increase. Below is a quick summary: Radian: Home Prices Up 5.8% Annually in March Radian, Philadelphia, said its Home Price Index showed home prices across the United States…

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MBA Newslinks April 16, 2020 The Federal Housing Finance Agency and the Consumer Financial Protection Bureau announced the Borrower Protection Program, a joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency. Under the program, the CFPB will make complaint information and analytical tools available to…

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