Weekly Mortgage Applications Survey
Candlefocus EditorThe survey as we know it today has been in existence since 1990, and ever since then, its indices have been a staple within the housing and mortgage finance industries both nationally and internationally. These indices can be used to provide deep analysis of the state of the industry, including the overall inflation factors impacting the housing market.
The survey results are useful for determining market trends, as well as addressing challenges within the industry. In addition, the survey highlights current challenges faced by lenders and consumers, and how best to confront them. This helps to guarantee the industry is functioning properly, and also gives an indication of how the industry should move forward in order to meet the demands of the consumer.
In order to ensure the data collected is accurate and of the utmost importance, the MBA ensures that all survey participants adhere to the highest level of compliance and accuracy. This means all survey participants are screened and approved prior to taking part. Furthermore, to ensure accuracy, the information collected is pulled from multiple sources, including mortgage bankers, consumers, realtors, and private lenders.
The Weekly Mortgage Applications Survey is a tool used by countless professionals and organizations in the mortgage and housing industry, and is responsible for providing essential insight into the industry. By gathering data from more than 1,500 lenders and brokers, the survey is able to compile comprehensive information on consumer mortgage applications, including trends, challenges and opportunities. The reports provided can be used to find solutions to current issues, as well as gain insight into the future of the industry.