Senior Mortgage Executives' Non-GSE Outlook Strong
Senior mortgage banking executives are expecting that demand for non-agency programs will intensify. At the same time, the group expects requirements on such programs to ease.
Mortgage Lending Forecasted to Fall After Q2 Peak
|ARMs, Refis Lead Weekly Mortgage Business Down
A week-over-week decline in new mortgage activity was led by a big drop in demand for adjustable-rate mortgages and refinances. One bright spot was jumbo business, which overcame price deterioration.
After peaking during the current quarterly period, single-family loan production is projected to retreat for the foreseeable future.
Top Latino Mortgage Originator Is At PrimeLending
The latest ranking of Latino mortgage originators is out, and PrimeLending is the employer of the No. 1 producer. The overall group nudged up annual lending.
Mortgage Servicing, Staffing Expand at Caliber
Over at Caliber Home Loans Inc., staffing has expanded by more than 1,500 employees during the past 12 months. Also expanding was its mortgage servicing portfolio.
Refi Share Thins, Conventional Metrics Strong
Refinances accounted for a smaller share of last month's home lending. Conventional refinance share was the widest. Conventional closing rates and turn times were the best.
Mortgage Apps Inch Up Despite Purchase Slowdown
A modest up tick in applications for mortgages was driven by accelerating refinance activity. But applications for home purchase financing turned lower.
Mortgage Credit Risk Rises as Rates Increase
After declining to the lowest level of any quarter during the prior 16 years, credit risk on new single-family loans rose. Rising rates contributed to the deterioration.
Purchases Drive Up Monthly Home Lending
A significant month-over-month increase in the volume of purchase-money lending was behind an increase in overall mortgage production.