New Mortgage Application Arrives
A new loan application for single-family loans has been unveiled for use on government-sponsored enterprise loans and government-backed mortgages.
Mortgage Origination Statistics
Several mortgage bankers recently reported a host of various loan production metrics in addition to residential loan servicing and staffing data. Some companies touted record activity.
Mortgage M&As Move Forward
A home lender that focuses on the Hispanic market recently received an equity injection. Two other mortgage businesses were acquired, while another is part of a bank acquisition.
Mortgage Business Expands at Caliber Home Loans
Fannie Nudges Up Origination Forecast
Quarterly mortgage lending shot up at Caliber Home Loans Inc. as the servicing portfolio increased and the size of the staff expanded.
Unlike the more generous boost by its secondary rival, Fannie Mae made a small upward adjustment to its outlook for refinances this year and next year.
GSE Refinances Up 4th Consecutive Month
For the fourth month in a row, government-sponsored enterprise refinances rose, and the Federal National Mortgage Association was behind the latest increase.
Retail HECM Originations Up, Wholesale Down
While the monthly volume of government-insured reverse mortgages increased from the retail channel, the wholesale channel experienced a decline.
Mortgage Credit Tightens as Closing Rate Improves
As loan-to-value ratios tightened last month, credit scores have risen each month this year. But a bigger proportion of loans closed as refinance share rose.