As part of our ongoing Data Talk Webcasts, the October 16th discussion focused on mortgage origination data in regard to both pricing and volume.
The two most widely used surveys for mortgage rates are the Freddie Mac Primary Mortgage Market Survey (PMMS) and the Mortgage Bankers Association (MBA) Mortgage Application Indices. Frank Nothaft, a chief economist at Freddie Mac, and Mike Frantanoni, vice president of Single Family Research and Policy Development at Mortgage Bankers Associations (MBA), discussed and compared the construction of these indices.
Freddie Mac’s quarterly set of transition matrices and cash out refinance reports and MBA’s credit availability index and builders’ index was also be discussed. These tools are helpful in explaining current origination volume and forecasting trends. Each speaker will discuss how he incorporates the available information into his volume forecasts.
Frank Nothaft, Chief Economist, Freddie Mac
Michael Fratantoni, Vice President, Single Family Research and Policy Development, Mortgage Bankers Associations (MBA)