Refinance

The company lost $8.9 million in the second quarter, but its origination and servicing businesses were profitable.

Mortgage applications increased 4.1% from one week earlier as consumers continued to pursue both purchases and refinancings even as conforming rates rose from their record lows, according to the Mortgage Bankers Association.

Planet Home Lending took advantage of coronavirus volatility and low mortgage rates to increase its funding volume.

The Federal Housing Finance Agency will extend the same GSE benchmarks of the past three years into 2021.

Strong growth in refinance volume following several weeks of so-so activity drove a 5.1% week-to-week increase in mortgage applications, according to the Mortgage Bankers Association.

However, those who aren't current bank customers need to have $1 million in a qualifying account.

The current refinancing boom might seem like the worst time to buy leads, but for some, it may be the best.

Booming refinancing is expected to more than offset the tighter underwriting in second-quarter mortgage results.

For the first time in three weeks, mortgage application volume increased, this time by 2.2%, as purchase activity was up in a holiday-shortened week, according to the Mortgage Bankers Association.

The $38.7 billion of equity withdrawn during the period was down 8% from the fourth quarter.