Mortgage application volume contracted by 4.5 percent from the week before, according to the Mortgage Bankers Association. The Market Composite Index, a measure of volume for loan applications, fell 3.6 percent on a seasonally adjusted basis, according to the MBA’s weekly survey. Continue … [Read more...]
Purchase Apps Drop One Percent Over Last Week
February 15, 2012 by
Mortgage applications have decreased one percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Feb. Excerpt from: Purchase Apps Drop One Percent Over Last Week … [Read more...]
Report: HARP 2.0 Benefits Small Originators Most
February 15, 2012 by
Modifications to the Home Affordable Refinance Program will likely benefit small loan originators this year, even while refinance share of activity beats market expectations, FBR Capital Markets said in a note Wednesday. Paul Miller, an analyst with the research arm of the investment bank, … [Read more...]
Refis Rebound With 9.4 Percent Weekly Rise
February 8, 2012 by
Mortgage applications increased 7.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 3, 2012. See the original article here: Refis Rebound With 9.4 Percent Weekly Rise … [Read more...]
Nearly Half of Refinancing Q4 Borrowers Reduced Payments
February 6, 2012 by
Nearly 85 percent of refinancing homeowners with first-lien loans maintained or reduced their current payments by paying in additional cash in the fourth quarter last year. Of these, according to recent analysis by mortgage giant Freddie Mac, 49 percent of borrowers slashed their principal payments … [Read more...]
Obama Unveils New Refi Plan, Homeowner Bill of Rights
February 1, 2012 by
The Obama administration rolled out an ambitious package of benefits and structural changes Wednesday for homeowners who want to refinance their loans. Visit link: Obama Unveils New Refi Plan, Homeowner Bill of Rights … [Read more...]
December Mortgage Originations Down 10.1% from September: LPS
January 31, 2012 by
Mortgage originations fell from a peak in September last year to hit 10.1 percent in December, according to Lender Processing Services. Revealing the latest data in December Mortgage Monitor report, the company also said that loans originated over the last two years consistently showed high quality, … [Read more...]
Mortgage Application Volume Declines 5%: MBA
January 25, 2012 by
Mortgage application volume ticked down by 5 percent from the week before, with the refinance share of activity deflating sharply. The Mortgage Bankers Association adjusted the latest numbers to account for the Martin Luther King holiday in a Weekly Mortgage Applications Survey it released … [Read more...]