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Rising debt-to-income ratios were behind almost a third of refinance rejections among those 65 and older, according to an analysis from the Urban Institute.
October 27 -
August’s increase in that loan type drove refinancings to take up a slim majority share of origination volume for the first time since February, according to Black Knight.
September 13 -
From 2016 to 2019, the Long Island man stole from Home Point Financial, LoanDepot and United Wholesale Mortgage, and faces 30 years in prison.
September 2 -
Purchase activity dominated the period and experienced the most growth while refinances cooled off and home equity lines of credit made a comeback, according to Attom Data Solutions.
August 19 -
Many banks reported sharp declines in income from home loans during the second quarter. The large gains they enjoyed last year thanks to a surge in refinancing activity are unlikely to return, according to bankers and analysts.
August 4 -
Borrowers reacted positively to the increased interaction and engagement resulting forbearances and payoff requests, J.D. Power found.
July 29 -
The adverse market fee change could contribute to an increase in refinance volume, adds Mortgage Bankers Association economist Mike Fratantoni.
July 19 -
The GSE forecasts $4 trillion in production this year because refinance activity is stronger than expected.
July 16 -
The agency’s new chief said eliminating the “adverse market fee” — in place since December — will make it easier for families to refinance while mortgage rates are still low.
July 16 -
Boosts in purchases and cash-out refinances drove the summer turnaround, according to Black Knight.
July 12