MBA, Trade Groups Urge HUD to Issue ‘Clear Roadmap’ for Servicers in LIBOR Transition

As HUD considers changes to its index for FHA-insured adjustable-rate mortgages away from LIBOR, the Mortgage Bankers Association and other industry trade groups urged the Department to issue a clear roadmap for servicers of FHA-insured ARMs, including specification of a replacement comparable index or indices for existing mortgages, as well as guidance on communications with borrowers.

Mortgage Applications Tumble in MBA Weekly Survey

Mortgage applications took a tumble this week as key interest rates jumped to their highest level since January amid increased economic turmoil, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending March 20.

Mortgage Applications Up Again in MBA Weekly Survey

Mortgage applications rose for the third straight week, continuing a solid start to the new year despite a slight increase in interest rates, the Mortgage Bankers Associations morning in its Weekly Mortgage Applications Survey for the week ending February 7.

Mortgage Applications Hit 6-Year High in MBA Weekly Survey

Mortgage application activity continued its strong start to 2020, driven by refinances to its highest level in six years as key interest rates plunged, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the week ending Jan. 31.

Mortgage Applications Hit 6-Year High in MBA Weekly Survey

Mortgage application activity continued its strong start to 2020, driven by refinances to its highest level in six years as key interest rates plunged, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the week ending Jan. 31.