According to Mortgage Bankers Association (MBA) Chairman John Robbins, the report overstates the number of foreclosures.

FORBES: Magazine Article

The Mortgage Bankers Association (MBA) issues its Weekly Mortgage Applications Survey that reports on the number of people applying to borrow money to buy a house.

FORBES: Eight Signs Of A Real Estate Rebound

The second leg of the argument seems to have fallen short, as the Census Bureau's figures on housing starts, and the Mortgage Bankers Association's (MBA) index on mortgage applications are both down substantially.

FORBES: Magazine Article