MBA Says Independent Mortgage Banks Saw Losses Increase By 800%. Report Says Loan Servicing Is The Only Thing Keeping IMBs Alive The loan losses continue to grow for independent mortgage banks aka IMBs. The Mortgage Bankers Association (MBA) is out with new numbers and they are not good. The report shows IMBs reported a net […]
Mortgage Applications Plummet To 22-Year Low As Home Sales Drop 14% From A Year Ago. Mortgage applications have hit a 22-year low demand for homes is drying up. This is due to raising interest rates soar and plunging home sales. The lending industry is pointing the finger at the Federal Reserve‘s interest rate hikes. The […]
Mortgage Bankers Association In Panic Mode As Mortgage Applications Continue To Plummet The Mortgage Bankers Association announced this week that applications dropped for the second week in a row. They claim that the continual decline is due to market uncertainties and limited housing supply. The refinance index decreased as well. The RI dropped 2% for […]
Mortgage Applications Plummet Causing Banks To Scramble To Lower Interest Rates Mortgage applications continue to decline according to the Mortgage Bankers Association. Is this a sign Americans are losing faith in the lending industry? The MBA stated that mortgage applications fell another 2.9% for the week ending May 18, 2018. This is the lowest it […]
Like Annoying Robocall Solicitations? The FCC Is About To Let The Financial Industry Bombard You With More The finance industry is pushing the FCC to make revisions to the Telephone Consumer Protection Act or TCPA. They want to make it easier to bombard you with robocall solicitations and collection calls. The TCPA revisions would also […]
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