Mortgage Bankers Association

Mortgage rates dropped as the stock market downturn at the start of the week drove yields on the 10-year Treasury lower.

Mortgage credit availability tightened during March to its lowest level in over a year, adding another headwind to a market challenged by rising interest rates and a shortage of homes for sale.

Mortgage application activity decreased 3.3% from one week earlier as purchase and refinance volume fell prior to the start of the home buying season, according to the Mortgage Bankers Association.

Lenders should not get so desperate chasing volume by originating lower credit non-qualified mortgage products that they are inviting the next regulatory crackdown, said David Stevens, the Mortgage Bankers Association's CEO.

Mortgage applications increased 4.8% from one week earlier and rose for the fourth time in five weeks as key interest rates held steady, according to the Mortgage Bankers Association.

Independent mortgage banks and mortgage subsidiaries of chartered banks saw production profits tank in the fourth quarter of 2017, according to the Mortgage Bankers Association.

The share of mortgage refinance applications dropped to its lowest level in nearly 10 years as interest rates continued to climb.

Continued increases in mortgage rates caused the refinance loan application share to fall to its lowest level since September 2008, according to the Mortgage Bankers Association.

February's volume of mortgage loan applications for newly constructed homes rose both year-over-year and month-to-month, continuing the momentum from a surprisingly strong showing in January.

Think you know your IRRRL from your LPMI? See if you can ace this quiz of 10 quirky abbreviations from the origination sector of the mortgage industry.