Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,140 from $2,167 in June.
Tag: Edward Seiler
MBA Chart of the Week: Taxonomy of Mortgage Default
The Research Institute for Housing America recently released a special report that looked at the lessons learned from the Great Financial Crisis, the COVID-19 pandemic, and other past episodes of default, to understand how to design a more robust mortgage system that proactively supports sustainable homeownership.
MBA RIHA: Mortgage Industry Should Develop New Intervention Policies for Distressed Borrowers
According to a new report released by the Mortgage Bankers Association’s Research Institute for Housing America (RIHA) examining current mortgage design models, underwriting standards, and intervention policies would help alleviate market pressures resulting from high levels of mortgage defaults.
MBA: Mortgage Application Payments Increased 2.5% to $2,256 in April
Homebuyer affordability declined in April, with the national median payment applied for by purchase applicants increasing to $2,256 from $2,201 in March.
MBA: Mortgage Application Payments Remained Flat in March
Homebuyer affordability declined in March, with the national median payment applied for by purchase applicants increasing slightly to $2,201 from $2,184 in February, the Mortgage Bankers Association reported.
MBA: Mortgage Application Payments Increased 2.4% in February
Homebuyer affordability declined in February, with the national median payment applied for by purchase applicants increasing to $2,184 from $2,134 in January. This is according to the Mortgage Bankers Association’s Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time–relative to income–using data from MBA’s Weekly Applications Survey.
MBA: Mortgage Application Payments Placeholder
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,134 from $2,055 in December. This is according to the MBA Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey.
MBA Chart of the Week: Job Openings for Selected Industries
Last week Fed Chair Jay Powell testified to Congress that as “labor market tightness has eased and progress on inflation has continued, the risks to achieving our employment and inflation goals have been moving into better balance.”
MBA: Mortgage Application Payments Increased 3.8% to $2,134 in January
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,134 from $2,055 in December. This is according to the MBA Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey.
MBA: Mortgage Application Payments Decreased 3.8% to $2,055 in December
Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing to $2,055 from $2,137 in November.