Mortgage applications

Adolfo Marzol, an official at the Department of Housing and Urban Development, is optimistic that technological improvements and other changes can help draw Federal Housing Administration lenders back to the fold.

Loan applications for newly constructed homes slowed on a month-to-month basis in December as the storm-driven spike in volume ended.

Mortgage application volume started the year on the upswing because of higher refinance activity, even with a slight increase in rates.

The IRS has taken corrective actions to speed up its income verification system, avoiding a possibly crippling slowdown for the mortgage industry, but long-term issues remain.

Mortgage application volume decreased 2.8% during the last two weeks of 2017, according to the Mortgage Bankers Association.

The share of new refinance mortgage applications reached its highest point since December 2016, but overall activity fell compared with the previous week, according to the Mortgage Bankers Association.

Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans.

Mortgage lenders are bracing for big delays in the processing of mortgage applications, citing a problem with the income verification system at the Internal Revenue Service.

The share of new refinance mortgage applications reached its highest point since January, but overall activity fell compared with the previous week, according to the Mortgage Bankers Association.

Mortgage applications for new home purchases increased by 12.2% in November from the same period a year ago, according to the Mortgage Bankers Association.