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Purchase loans experienced a 52% seasonal increase on a quarterly basis during the second quarter, reaching the highest level both in terms of volume and dollar amount since 2007, according to Black Knight Financial Services.
September 6 -
Depositories still dominate home lending, but nondepositories' market share is the highest it has been in at least two decades. Here's why.
September 6 -
Loan defects and misrepresentation are occurring at the lowest levels in recent history thanks to the refinance boom spurred by low interest rates and better loan manufacturing processes.
August 31 -
Ben Franklin famously said the only things certain in life are death and taxes. One Wisconsin loan officer has found one more.
August 30 -
The Federal Housing Finance Agency announced the extension of the Home Affordable Refinancing Program through September 2017 as well as the creation of a new program for those with high loan-to-value ratios.
August 25 -
Mortgage application activity decreased 2.1% from one week earlier, according to the Mortgage Bankers Association.
August 24 -
Prepayment activity declined during July in spite of the low rates that added to the number of borrowers who could refinance, Black Knight Financial Services said in its "First Look" data release.
August 22 -
Clara, a new online mortgage lender, has launched with $27 million in equity financing.
August 19 -
A monthly gain in refinance activity coupled with a decrease in rates last month, according to data from Ellie Mae. However, loan turnaround times as a whole remained static.
August 18 -
Mortgage application activity decreased 4% from one week earlier as home purchase volume fell to its lowest point in six months, according to the Mortgage Bankers Association.
August 17