The Mortgage Bankers Association’s Builder Application Survey data for January show mortgage applications for new home purchases increased by 17 percent month over month and by nearly 19 percent from a year ago.
The Mortgage Bankers Association, in a letter this week to the Federal Reserve, offered recommendations on how the Fed could improve the Community Reinvestment Act to improve credit access and more effectively meet the needs of low- and moderate-income communities.
The Federal Housing Finance Agency this week released the 2021 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions. The 2021 Scorecard aligns the 2019 Strategic Plan with the Enterprises’ tactical priorities and operations, serving as an essential tool to hold the Enterprises accountable.
Strong buyer demand helped offset supply chain challenges and a surge in lumber prices as builder confidence in the market for newly built single-family homes edged up, the National Association of Home Builders reported yesterday.
Interest rates hit their highest level since November, and mortgage applications dropped, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending February 12.