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Housing industry pleads with Biden administration to narrow the mortgage spread

Housing Wire

To that end, the CHLA, NAR and ICBA urged that the Federal Reserve shift its policy to maintain its stock of mortgage-backed securities (MBS) and suspend runoff until liquidity and the spread between the 30-year fixed rate mortgages and 10-year Treasury stabilizes.

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Analyst: HMBS 2.0 developments should benefit reverse mortgage industry

Housing Wire

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” I think, as a whole, the industry is reacting pretty favorably to this.

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Fewer people are submitting mortgage applications

Housing Wire

This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. The overall housing index hit its lowest point since February, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Mortgage applications recover as winter storms pass

Housing Wire

8, but a week of normalized weather brought numbers back up, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. That is despite the fact that the 30-year fixed rate experienced its largest single-week increase in almost a year, reaching 3.23%. of total applications from 68.5%

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Mortgage applications decrease 4%

Housing Wire

. “Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The post Mortgage applications decrease 4% appeared first on HousingWire.

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New-year optimism reflected in mortgage applications jump

Housing Wire

The jump underlines the seasonality behind last week’s decreas e in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming administration, per MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.

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Mortgage applications jump 16%

Housing Wire

The sudden increase in applications was driven “heavily” by increased refinancing as mortgage rates dipped again, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications jump 16% appeared first on HousingWire.