Press Release MBAA WASHINGTON, D.C. (May 2, 2012) — Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 27, 2012. The Market Composite Index, a measure of mortgage loan application volume, increased 0.1 percent on a seasonally…
Tag Archive for Mortgage Bankers Association
Bears Chat, Best of the Forums, Lee's Free Thinking, Must Read
Mortgage Application Searches Fall To Record Lows
by Lee Adler • • 0 Comments
Google searches for “mortgage applications” plunged to a 5 year low in December.
View full report in Google Insights for Search
According to researchers at the NY Fed, ” Recent academic research finds that Internet search data can forecast the c…
Bears Chat, Best of the Forums, Must Read
Strategic Default OK, but not for you
by Bears Chat at The Wall Street Examiner • • 0 Comments
“… underwater borrowers should keep paying on their mortgage loans and ‘should not walk away from lawful debts’. In an interview this past year, Courson appeared genuinely concerned adding: ‘What about the message they will send to their fam…
Editorial, Email Bulletins Archive, Housing, Latest Business Headlines, Lee's Free Thinking
Mortgage Bankers Association Orders Wall Street Examiner to Cease And Desist
by Lee Adler • • 7 Comments
The Mortgage Bankers Association has sent me legal notice to “demand that wallstreetexaminer.com immediately remove all WAS data (Weekly Applications Survey) data, from its systems and cease and desist from further reproduction or distribution of all MBA data, past and present, in any format.” Regrettably, I must comply with this demand. I am not in…
Charts, Economics, Email Bulletins Archive, Housing, Lee's Free Thinking
No Truth Coming From Mortgage Bankers Ass.
by Lee Adler • • 1 Comment
Apparently the MBAss (Mortgage Bankers Association) didn’t like the fact that someone in the financial blogo-wackosphere actually had the temerity to make use of real, hard data, that they hadn’t massaged. Now, not only do they not report the actual index level of their seasonally smoothed applications indexes, the charts of the not seasonally adjusted…
Charts, Economics, Email Bulletins Archive, Housing
Glimmers of Housing Hope In Mortgage Applications Data
by Lee Adler • • 1 Comment
Purchase mortgage applications rose 6.4% last week according to the Mortgage Bankers Association and major media outlets. As always, the media report only the seasonally adjusted data fed to them by the MBAA. Rarely should a week to week change have any seasonal effects, although last week would be an exception because the week before…
Charts, Economics, Email Bulletins Archive, Housing, Liquidity Trader, Professional Edition
Housing Picture No Darker
by Lee Adler • • 0 Comments
The article is an excerpt from the Wall Street Examiner Professional Edition Housing Update for subscribers. Scroll to the end for the subscriber link to the complete report. Housing data for this month suggests that the usual seasonal uptick in prices has ended. Data is mixed as to whether the seasonal decline that normally occurs…
Charts, Economics, Email Bulletins Archive, Housing
Housing Time Bomb Goes Tick Tock Tick Tock
by Lee Adler • • 0 Comments
A couple of data points reported today marked a tick and a tock on the housing market clock. The Mortgage Bankers Association Mortgage Applications Index release was weak but not explosive. The FHFA (Federal Housing Finance Agency) monthly data on home sale prices was up, but meaningless. The FHFA data is after the fact price data…
Charts, Economics, Email Bulletins Archive, Housing
Housing Indicators Show Lower Seasonal Peak
by Lee Adler • • 0 Comments
Two housing market indicators released over the last two days suggest that the market is making a seasonal peak at a weaker level than last year, but that the rate of decline is slowing. Mortgage purchase applications have been slipping in June following a small decline in the week ended June 17. They remain below…
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Prime U.S. Mortgage Foreclosures Hit Record
by a Wall Street Examiner •
For years we’ve heard about the horrendous problems with subprime mortgages….Well, now even PRIME mortgage foreclosures are at record levels…
Homeowners are falling behind on their mortgage payments as job cuts make it difficult for them to cover …
