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By Dennis Norman, on March 9th, 2010
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 [...]
By Dennis Norman, on March 3rd, 2010
Home Loan Applications Jump 11.7 Percent Last Week after decreasing two prior weeks
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 26, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 11.7 percent from the week [...]
By Dennis Norman, on February 24th, 2010
Home Loan Applications Drop 7.3 Percent Last Week after decreasing 4.0 percent the week before.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 19, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased [...]
By Dennis Norman, on February 17th, 2010
Home Loan Applications Drop 4.0 Percent Last Week.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 12, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 4.0 percent from the week before and [...]
By Dennis Norman, on February 10th, 2010
Home Loan Applications Drop 7.0 Percent Last Week.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 5, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 7.0 percent from the week before and [...]
By Dennis Norman, on February 3rd, 2010
Home Loan Applications Jump 21.0 Percent Last Week.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending January 29, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 21.0 percent from the week before and [...]
By Dennis Norman, on January 27th, 2010
Fewer Home-buyers applying for loans in past week
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending January 22, 2010. The report showed the
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By Dennis Norman, on January 13th, 2010
Home-buyers mortgage activity increases from week before…down from a month ago though
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending January 8, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 14.3 percent from [...]
By Dennis Norman, on December 17th, 2009
Home-buyers mortgage activity dropping…refinances make up 3/4 of all new mortgages.
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending December 11, 2009. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 3.6 percent from the [...]
By Dennis Norman, on December 8th, 2009
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 Mortgage Bankers [...]
By Dennis Norman, on November 20th, 2009
Unemployment Remains Main Cause of Delinquencies
The second quarter of this year saw mortgage delinquencies reported by the Mortgage Bankers Association hit the highest level since they began keep track of the data almost 40 years ago back in 1972. Unfortunately that record didn’t stand long and was broken by the mortgage delinquency rate for third [...]
By Dennis Norman, on November 18th, 2009
Dennis Norman
I believe smart real estate investors will continue to proceed with caution, and as much as we all want to believe the worst is over and the housing recovery has begun as is being reported more frequently throughout the media, I’m not so sure we are there yet…The data is just not supporting [...]
By Dennis Norman, on November 12th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending November 6, 2009. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 11.7 percent from the week before, bringing it to it’s lowest level since December [...]
By Dennis Norman, on November 4th, 2009
Dennis Norman
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October30, 2009. The report showed an decrease of 1.8 percent in mortgage loan applications for a home purchase from the week before in spite of the fact interest rates slipped back below 5 percent again on a 30-year [...]
By Dennis Norman, on October 29th, 2009
Dennis Norman
I have been talking a lot lately about the first-time home buyer tax credit of $8,000 that has stimulated some home buying but is set to expire on November 30th. I have also shared the efforts by organizations such as the National Association of REALTORS, The Mortgage Bankers Associaiton, The National Association of [...]
By Dennis Norman, on October 14th, 2009
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 the mortgage [...]
By Dennis Norman, on October 7th, 2009
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 more for existing homeowners and the [...]
By Dennis Norman, on September 23rd, 2009
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.
Unfortunately it doesn’t appear as though [...]
By Dennis Norman, on August 22nd, 2009
Dennis Norman
Thanks to what has happened to the housing market as well as home prices over the past two years I have come to hate the word “bubble” and believe me, I think it has been way over-used by people writing about and discussing the real estate market. So I cringed as I typed the [...]
By Dennis Norman, on June 1st, 2009
Dennis Norman
By: Dennis Norman
According to a report issued by the Center for Responsible lending, the number of homes that have had foreclosure proceedings begun on this year broke the 1 million mark this past weekend. The Center for Responsible lending website has a rather depressing “foreclosure meter” that shows, in real time (sort of), [...]
By Dennis Norman, on April 28th, 2009
By: Dennis Norman
For investors there is no lack of opportunities when it comes to real estate. The recession, record foreclosure levels and high unemployment are some of the contributing factors to why there are “deals” to be had. I keep hearing from investors though that the problem is financing. Even established investors with a good [...]
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