Mortgage Bankers Predict 3 Quarters of Declines
After peaking in the second quarter, the nation's mortgage bankers predict that loan originations will decline each of the following three quarters.
Mortgage Production Reports Vary Widely
Reports of mortgage production continue to roll in -- with some home lenders achieving new milestones, ranking at the top of their local markets or giving up on the business.
Across-the-Board Growth at Guild Mortgage
2nd Half Mortgage Refinance Forecast Raised
In addition to achieving record loan production, Guild Mortgage Co. boosted the balance of its residential loan servicing portfolio and expanded the size of its payroll.
The forecast for mortgage refinances during the second half of this year has been increased, though it was at the expense of the second-quarter estimate.
Mortgage Refinance Forecast Raised Over $40 Bil
The latest real estate finance forecast has mortgage refinance production for this year and next year up by more than $40 billion from what was expected a month ago.
New Low for HARP Volume as GSE Refis Ascend
Monthly refinances of government-sponsored enterprise mortgages increased, though the government-supported refinance program is barely active.
VA Mortgage Share Up as Credit Conditions Ease
Veterans home loans guaranteed by the government have grabbed a bigger share of the mortgage market over the past year. Credit scores and income ratios have eased over the same period.
Drop in Purchase Mortgage Apps Offsets Refi Rise
Although the number of borrowers who applied to refinance their mortgages expanded, a week-over-week drop in applications to finance a home purchase offset the gain.