MBA Offices Closed Monday

Offices of the Mortgage Bankers Association will be closed this Monday, May 30 in observance of the Memorial Day holiday.

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“Despite strong employment and wage growth, housing affordability has worsened since the start of the year. Mortgage payments are taking up a larger share of homebuyers’ incomes and sky-high inflation is making it more difficult for some would-be buyers to save for a down payment or come up with the additional cash they need to afford a higher monthly payment.”
–Edward Seiler, MBA Associate Vice President of Housing Economics and Executive Director of the Research Institute for Housing America.

MBA: April Mortgage Application Payments Jump 8.8% to $1,889

Homebuyer affordability decreased in April, with the national median payment applied for by applicants rising by 8.8 percent to $1,889 from $1,736 in March, the Mortgage Bankers Association reported Thursday.

MISMO Issues Updated Industry Loan Application Dataset

MISMO®, the real estate finance industry standards organization, released its updated Industry Loan Application Dataset (iLAD), an industry standard for the exchange of loan application information.

Tom Lamalfa: May 2022 Secondary Market Conference Survey Report and Scorecard

Tom Lamalfa is a 44-year veteran of mortgage market research, whose focus in recent years has been on federal housing policy. He is president of TSL Consulting, Cleveland Heights, Ohio. His semi-annual reports on the housing and mortgage finance industries appear regularly in MBA NewsLink.

MBA: April Mortgage Application Payments Jump 8.8% to $1,889

Homebuyer affordability decreased in April, with the national median payment applied for by applicants rising by 8.8 percent to $1,889 from $1,736 in March, the Mortgage Bankers Association reported Thursday.