Refis to Pull Down Mortgage Originations in 2018
Although the annual volume of loans to finance a home purchase are forecasted to grow, a drop in projected refinances will drag down overall activity.
Lenders Make Riskier Mortgages as Closing Rate Up
Compared to a year ago, home lenders took more risk on mortgages closed last month as government share has widened. Closing ratios and turnaround improved from a month earlier.
Mortgage Applications Retreat From Holiday Week
Mortgage applications slowed from the holiday week, though activity improved when seasonal factors are disregarded. Refinances slowed despite a widening share.
Credit Unions Grab Mortgage Market Share from Banks
Fannie Mae Nudges Up 2017, 2018 Refinance Outlook
Over the past year, the nation's banks have given up mortgage market share to credit unions. Overall originations were up on a quarter-over-quarter basis.
Fannie Mae has made a modest upward adjustment in its forecast for industry-wide refinance originations this year and next year.
CA Lender Hires Billion Dollar Mortgage Originator
One of the nation's top-producing loan originators, who has generated more than $1 billion in production, has been hired by a firm based in the Golden State.
GSE Refis Sink to 27-Month Low, All-Time HARP Low
The monthly number of government-sponsored enterprise mortgages refinanced tumbled to a two-year low. Government-supported refinances plunged to an all-time low.
Refinance Outlook Raised by Mortgage Bankers
The forecast for refinance production during the second half of this year has been increased by mortgage banking economists. But expected outstandings have been reduced.