Category Archives: Mortgage Products

Mortgage Applications Rise More Than 4%

Graph: MBA Applications Index over 52 WeeksClick “read more” to see a detailed breakdown of the weekly report on mortgage demand. For Week Ending: Aug 5, 2009 Seasonally Adjusted Total Mortgage Activity: Up 4.4 MBA Market Index Now: 514.1 Index One Week Earlier: 495.4 Unadjusted Basis Total Mortgage Activity: Up 4.1 % One Year Ago: UP 18.0% Seasonally Adjusted Refinance Activity: Up 7.2 % Index Now: 1996.1 One Week Earlier: 1862.1 Purchase Activity: Up 0.9 Index Now: 264.3 One Week Earlier: 262.0 Percentage of Total Activity Refinance Share: 54.2 % One Week Earlier: 52.6 % Adjustable-Rate Mortgage (ARM) Share: 5.4 % One Week Earlier:5.5% Source: Mortgage Bankers Association… more

Mortgage Applications Drop Over 6%

Graph: MBA Applications Index over 52 Weeks Click “read more” to see a detailed breakdown of the weekly report on mortgage demand. For Week Ending: July 29, 2009 Seasonally Adjusted Total Mortgage Activity: Down 6.3 MBA Market Index Now: 495.4 Index One Week Earlier: 528.9 Unadjusted Basis Total Mortgage Activity: Down 6.0 % One Year Ago: UP 16.1% Seasonally Adjusted Refinance Activity: Down 10.9% Index Now: 1862.1 One Week Earlier: 2089.7 Purchase Activity: Unchanged Index Now: 262.0 One Week Earlier: 262.0 Percentage of Total Activity Refinance Share: 52.6 % One Week Earlier: 55.5 % Adjustable-Rate Mortgage (ARM) Share: 5.5 % One Week Earlier: 4.8% Source: Mortgage Bankers Association… more

Ginnie Mae Issues Record in Mortgage-Backed Securities

Ginnie Mae has issued a record amount of mortgage-backed securities in the amount of $43.5 billion for the month of June. Ginnie, an agency unlike Fannie Mae and Freddie Mac in the fact that it has never been traded on the public market, generates mortgage-backed securities from loans insured or guaranteed by the Federal Housing Administration and the Department of Veterans Affairs.… more

Mortgage Applications Fall Almost 20%

Graph: MBA Applications Index over 52 Weeks Click “read more” to see a detailed breakdown of the weekly report on mortgage demand. For Week Ending: July 1, 2009 Seasonally Adjusted Total Mortgage Activity: Down 18.9 MBA Market Index Now: 444.8 Index One Week Earlier: 548.2 Unadjusted Basis Total Mortgage Activity: Down 18.5% One Year Ago: Down 7.4% Seasonally Adjusted Refinance Activity: Down 30.0% Index Now: 1482.2 One Week Earlier: 2116.3 Purchase Activity: Down 4.5% Index Now: 267.7 One Week Earlier: 280.3 Percentage of Total Activity Refinance Share: 46.4% One Week Earlier: 54.0% Adjustable-Rate Mortgage (ARM) Share: 4.3 % One Week Earlier: 4.1%… more