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Tag Archives: Mortgage Bankers Association

Mortgage Application Volume Drops 2.6%

Mortgage applications fell another 2.6 percent (seasonally adjusted) for the week ending July 12, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey.

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Mortgage Credit Availability Up Slightly

Mortgage lending standards loosened slightly in June, according to the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI). The index, which analyzes data from AllRegs Market Clarity, increased to 109.8, a gain "primarily driven by a small uptick in the number of products which offer a cash-out feature. There were also small increases in the number of jumbo, investor, and higher LTV [loan-to-value ratio] offerings," the association said in a release.

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Texas MBA Appoints New President, Officers

The Texas Mortgage Bankers Association (TMBA) announced the election of Susan Stewart at president for 2013-2014. Stewart is the president and CEO of SWBC Mortgage Corporation, a full-service mortgage banking firm. During her time there, she has guided the company through multiple acquisitions and the approval processes to become Fannie Mae and Ginnie Mae seller servicers.

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