MBA promotes Joel Kan and Heather Messam
The MBA promoted Joel Kan to vice president and deputy chief economist, and Heather Messam to vice president and controller.
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The MBA promoted Joel Kan to vice president and deputy chief economist, and Heather Messam to vice president and controller.
The national median payment applied for by applicants decreased from $1,844 in July to $1,839 in August, improving homebuyer affordability for the third straight month, according to a new report from the Mortgage Bankers Association's.
MBA economists answer: “How much overcapacity was there in the industry for this level of volume, and how much more will be cut?”
Mortgage applications decreased for the second straight week, remaining at a 22-year low as refinancing applications continued to plunge, the Mortgage Bankers Association said today.
Decline in purchase applications aligns with slower homebuilding activity due to reduced buyer traffic and building material shortages.