Mortgage Bankers Association

Both parties appear interested in a deal on housing finance reform, but tough fights are ahead.

Mortgage application activity fell by 6.2% this week, driven by a 9% decrease in refinancings, according to the Mortgage Bankers Association.

Mortgage application activity increased slightly from one week earlier, according to the Mortgage Bankers Association.

Managing portfolios for an influx of servicing rights investors helps mortgage companies augment revenue and keep rising costs and compliance risks in check.

New home purchase application activity bounced back in May as sales of these properties increased by 5.6% compared with April.

Mortgage applications increased 2.8% from one week earlier as refinancings hit their highest level since November, according to the Mortgage Bankers Association.

New entrants in mortgage servicing are rethinking how business is done, creating more division between holders of mortgage servicing rights and the entities that actually manage loans.

Mortgage credit availability declined in May as lenders reduced the number of government-guaranteed products they market by nearly 2%.

Lower rates led to an increase in both purchase and refinance applications compared with the previous week. according to the Mortgage Bankers Association.

Production expenses averaged $8,887 per loan for independent mortgage bankers in the first quarter as there were fewer originations to absorb the costs.