Mortgage applications increased 3.6% from one week earlier even though rates remained mostly flat during the period, according to the Mortgage Bankers Association.
MGIC Investment Corp.'s third-quarter net income of $120 million was more than double the $56.6 million for the same period last year as its losses incurred fell by over 50%.
Government-sponsored enterprises Fannie Mae and Freddie Mac's guarantee fee pricing last year kept the playing field fairly level for different-sized lenders.
Mortgage defaults keep rising and are getting much nearer to where they were in 2016 as damage from natural disasters continues to add to slight upward pressure on credit.
The latest version of Ellie Mae's Encompass loan origination system includes new features for Home Mortgage Disclosure Act compliance and digital mortgages.
Recently exposed security vulnerabilities in an Equifax tool used extensively in the mortgage industry are raising new questions about the reliability and veracity of the beleaguered credit bureau's employment verification service.
The share of mortgage refinance applications dropped below 50% for the first time since the start of September, as interest rates rose to a six-week high.
Lenders could be responsible for water quality issues affecting borrowers and properties if the Federal Housing Administration follows through with its response to an inspector general's report.
