Mortgage applications

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.

The company has agreed to buy the operations of Veterans Mortgage in Salt Lake City.

Mortgage application volume increased from one week earlier, driven by a boost in refinance activity, according to the Mortgage Bankers Association.

Mortgage application volume decreased 3.1% from one week earlier as the start of the holiday shopping season likely slowed activity, according to the Mortgage Bankers Association.

Mortgage applications rose slightly this week, increasing 0.1% from a week earlier, according to the Mortgage Bankers Association.

Mortgage application activity rose 3.1% from one week earlier as refinance demand increased, according to the Mortgage Bankers Association.

Mortgage application activity was unchanged from one week earlier although rates came back down slightly from their four-month high, according to the Mortgage Bankers Association.

Connecticut was the lone state in the nation in September to see a decline in borrowers misrepresenting facts on mortgage loan applications.

Mortgage rates rose to their highest level since July, leading to a 2.6% decrease in loan applications from one week earlier, according to the Mortgage Bankers Association.

Mortgage applications decreased 4.6% from one week earlier because of higher rates for conforming and government loans, according to the Mortgage Bankers Association.

Federal Housing Finance Agency Director Mel Watt said the agency is poised to examine alternatives to how a Fannie Mae and Freddie Mac assess creditworthiness of home buyers, including seeking public comment on the issue later this fall.

Hawaii's booming economy contributed to the Honolulu bank's 10% increase in loans and 9% increase in deposits in the third quarter.

Mortgage applications increased 3.6% from one week earlier even though rates remained mostly flat during the period, according to the Mortgage Bankers Association.

The share of mortgage refinance applications dropped below 50% for the first time since the start of September, as interest rates rose to a six-week high.

A change in the formula that banks use to calculate borrowers’ debt-to-income ratios, announced by Fannie Mae in April, appears to be spurring more lending.

A decline in refinancing applications offset the gain in purchase activity, leading to an overall drop in application activity of 0.4% from one week earlier.