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Mortgage Loan Delinquency Rate Decreased for 5th Consecutive Quarter; Mortgage Loan Demand down as well

The national mortgage delinquency rate for homeowners that are 60 or more days past due decreased in the first quarter of 2011 marking the fifth consecutive quarterly decline according to a report released today by TransUnion. The report shows mortgage delinquencies for the first quarter of 2011 were down 3.4 percent from the [...]

Mortgage loan delinquency hits 2 year low; foreclose rate ties highest on record

The Mortgage Bankers Association released the results of it’s National Delinquency Survey for the 4th quarter of 2010 and it shows very mixed results. On the positive side of things, overall mortgage loan delinquency in the U.S. has dropped to 8.22 percent which is the lowest rate since 4th quarter 2008 when the rate was [...]

Mortgage Bankers Cautions Against Cutting Back Mortgage Interest Deduction

Last week the co-chairs of the National Commission on Fiscal Responsibility and Reform (the group that is supposed to figure out how to rescue our country out of the financial quicksand it’s in) issued a draft proposal of a plan the committee says “will make America better off tomorrow than it is today”.

In [...]

Mortgage Bankers urge Feds not to ban all private transfer fees

Dennis Norman

In a letter to the Federal Housing Finance Agency, John A. Courson, the President and Chief Executive Officer of the Mortgage Bankers Association (MBA) said that the MBA “opposes the practice of private third parties, such as developers, builders, licensing companies and real estate brokers, imposing private transfer fee covenants on residential real estate for the purpose of [...]

‘Flawed models’ are cause of false mortgage discrimination findings

“It is particularly disheartening then that lenders are often the subject of ill considered accusations regarding discrimination, accusations based upon analyses that lack statistical rigor”- Michael Fratantoni, MBA’s Vice President of Research and Economics

Dennis Norman

This week the Mortgage Bankers Association (MBA) released a paper, “A Review of Statistical Problems in the Measurement [...]

Not Out Of The Woods Yet; Mortgage Delinquences and Foreclosures On The Rise

1st Quarter Delinquencies; Up? Down? He said – She Said…

If you frequent this site, then you may recall that a little over a week ago (May 10th to be exact) I wrote a post that said the delinquency rate for homeowners mortgages had dropped in the first quarter of this year, the first [...]

Commercial and Multifamily Mortgage Performance Remains Better Than Other Loans

Dennis Norman

The Mortgage Bankers Association (MBA) released its report on the performance of commercial and multifamily mortgages in the fourth quarter of 2009. Their last report from a year ago showed that commercial and multifamily mortgages were among the best performing loans held by banks and thrifts. Now, a year later, the data [...]

Commercial and multi-family properties mortgage delinquencies on the rise

Dennis Norman

For the first year or so of the real estate slump, it appeared to just be concentrated in the residential market, specifically homes and condos. However, over the past few months the attention has shifted more and more to the commerical and multi-family markets as well as the economy remains weak.

The [...]

Almost 1 in 8 Missourians are delinquent on mortgage payments according to MBA report

Missouri ranks 21st in delinquencies and 30th in foreclosures

According to a report just issued by the Mortgage Bankers Association, the mortgage delinquency rate on one-to-four-unit residential properties in the U.S. rose to a new record rate of 9.64 percent.  Here in Missouri, the delinquency rate is slightly lower at 9.41 percent.

Included in the MBA’s [...]

Mortgage rates increase; loan applications decrease

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 9, 2009. The report showed an increase of 1.8 percent in mortgage loan applications from the week as interest rates inched back above 5 percent for the first time in four weeks.

Refi’s continue to dominate [...]

Mortgage interest rates on 30 year loan stay below 5 percent for third consecutive week

Dennis Norman

By: Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 2, 2009. The report showed an increase of 16.4 percent in mortgage loan applications from the week before fueled by interest rates remaing below 5 percent.

Unfortunately interest rates seem to be doing [...]

Interest rates drop below 5 percent for 30 year fixed rate loan; applications increase

Dennis Norman

By: Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending September 18, 2009. The report showed an increase of 12.8 percent in mortgage loan applications from the week before fueled by interest rates dropping below 5 percent for the first time since mid-May.

The [...]

Mortgage rates drop; Borrowers refinancing jumps over 22 percent for the week

Dennis Norman

By: Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending September 4, 2009. The report showed an increase of 17.0 percent in borrowers applying for home mortgages to buy a home from the week before. This marks the largest gain in the index since [...]

One in twelve borrowers seriously delinquent on their mortgage

Dennis Norman

By: Dennis Norman

All the news lately about the housing market, home sales in particular, has been encouraging and showing signs of stabilization in the real estate market and demonstrating that the real estate market may have seen the worst. Just when you think you may be through the storm though you [...]