Refinance

Mortgage application activity decreased 1.2% on a seasonally adjusted basis last week, but refinance volume picked up as interest rates reached a new survey low, according to the Mortgage Bankers Association.

Recent Black Knight numbers put the average retention rate at a record low for the post-crisis period that followed the Great Recession.

Set alight by the Fed’s low interest rates and bond purchases, the mortgage industry is on fire.

The money lenders are making on each home loan hit another survey-record high in the third quarter, but it may not be quite as high going forward.

Originations from all sources, including commercial and reverse mortgages, total $9.2 billion.

Mortgage applications decreased 0.6% on a seasonally adjusted basis from one week earlier as the period was truncated by the Thanksgiving holiday, according to the Mortgage Bankers Association.

Tough competition for home listings makes consumers more likely to misrepresent themselves on loan applications.

Mortgage applications increased 3.9% from one week earlier as another week of record low rates drew more borrowers into the market, according to the Mortgage Bankers Association.

As mortgage rates stayed below 3% in the third quarter, originations spiked to the highest quarterly total since 2007 and highest dollar volume since 2005, according to Attom Data Solutions.

Mortgage applications slipped 0.3% from one week earlier, as refinance volume, particularly for Federal Housing Administration and Veterans Affairs loans, shrank significantly, according to the Mortgage Bankers Association.

The third quarter’s higher share of purchase applications, which followed the refinance wave that crested in the second, caused a rise in mortgage application fraud risk, according to CoreLogic.

Rick Thornberry discusses the company's third-quarter results and the decision to drop traditional appraisals.

Mortgage applications decreased 0.5% from one week earlier as inadequate housing supply is putting upward pressure on home prices and affecting purchase activity, according to the Mortgage Bankers Association.

FHA volumes, a key contributor to Ginnie Mae issuance, could fall as long as the refinancing boom continues — unless the FHA takes a step that could reverse that trend.

With the 10-year Treasury yield getting a boost due to Pfizer’s COVID-19 vaccine news this week, KBW predicts insurers and title underwriters will fare best as recovery continues.

Problems with self-service tools and inconsistent communication have damaged consumer perception of their lender, J.D. Power said.

The company, which earned $535 million in net income in 3Q20, has been prioritizing purchase volume and managing costs to account for a possible decline in originations next year.

Compared with the second quarter, the title insurer had 154,000 more orders opened and earned $89 per residential file.

Brookfield and JV partner Swig Co. are refinancing debt and cashing out $200M in equity in the iconic, sloped-base midtown Manhattan office tower.

Mortgage applications increased 3.8% from one week earlier as a drop in most loan interest rates brought on an increase in refinance activity, according to the Mortgage Bankers Association.