There were 1.2 million households lost in 2005-2008, according to a study from the Mortgage Bankers Association.
The study, “What Happens to Household Formation in a Recession,” was conducted by Professor Gary Painter of the Univeristy of Southern California and sponsored by the MBA’s Research Institute for Housing America.
“The housing and mortgage industries will feel the impact [...]
1.2 million fewer households formed in recession is a post from: Mortgage Insider
TransUnion today said borrowers, especially in California, continue to focus on credit card payments and ignore their mortgages.
This is at least the company’s second study showing the same trend.
The percentage of consumers current on credit cards and delinquent on mortgages first surpassed the percentage of consumers current on their mortgages and delinquent on credit cards [...]
Borrowers pay credit cards before mortgages is a post from: Mortgage Insider
A gloomy outlook from the Mortgage Bankers Association on refinancing but a glimmer of hope on purchase activity, reports National Mortgage News:
The Mortgage Bankers Association believes residential originations will fall to just $1.28 trillion in 2010 — a 33% decline from last year and the industry’s worst year since 2000. In early December, the trade [...]
An index of nationwide applications for home-purchase loans has been trending down since mid October amid an uptick in interest rates, according to the Mortgage Bankers Association.
Here’s a graph, courtesy of blog Calculated Risk, showing the four-week moving average is at the lowest level since November 1997.
click to enlarge
The index suggests future home sales could [...]
The Mortgage Bankers Association today said its index of refinance applications rose 11 percent last week vs. a week earlier and its purchase-loan application index increased 4 percent.
The chart to the right (courtesy of blog Calculated Risk) shows the purchase index and the same as a four-week moving average. While the index of loan demand [...]
