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Decline in New Home Mortgage Apps "Seasonally Driven"
Applications for mortgages to purchase newly constructed homes dropped by 6 percent in August according to the Mortgage Bankers Association (MBA). The data, compiled from MBA's Builder Application Survey (BAS) is not adjusted to account for seasonal patterns
FHA Loan Requirements, Handbook Kick in Next Week
The changes to FHA loan qualification criteria, originally scheduled for implementation in June, will instead be implemented on the 15 th of this month. The new 800 plus page FHA Single Family Housing Policy Handbook covers a variety of changes, small
Mortgage Applications Waned in Run-up to Holiday
Whether they were concerned about the possibility of rising rates or merely clearing the decks in anticipation of the last week of psychological summer, mortgage applications surged during the week ended August 28, but lost most of their energy this past
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...