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Last Updated June 27, 2016 9:42 AM Central



Refinances to Drop as Purchases, Gov Share Rise
While refinance volume and share are expected to diminish between this year and 2017, government share and purchases are predicted to rise.

www.mtginfo.com
Refi Slump, Rate Rise Likely to Reverse on Brexit
As rates inched higher over the past week, new refinance activity tumbled. But recent developments in the United Kingdom are likely to reverse the latest activity.
Mortgage Market Index down 11% in week ended June 24
MSRs on $3 Billion in Ginnie Loans On Market
Mortgage servicing rights on a little more than $3 billion in agency home loans are being offered for sale to the highest bidder.

Ocwen Settles False Claims Allegations
Ocwen Financial Corp. has settled charges that it violated the False Claims Act on government-insured lending and loan modifications.

Mortgage Apps for Refis Rise as Purchases Dip
A decline in applications for purchase financing was more than offset by acceleration in applications for mortgage refinances.

Weekly Mortgage Refinance Biz Up, Purchases Down
Declining interest rates helped drive up refinance activity but weren't enough to lift the level of purchase financing. Government-insured business took a big hit.
Mortgage Market Index down 2% in week ended June 17
Auction On for Agency MSRs
Mortgage servicing rights on agency residential loans with a Florida concentration are being auctioned off to the highest bidder.

Closing Rate, Purchase Share Up as Credit Tighter
The good news is that productivity and purchase-share increased last month on home lending. But credit conditions tightened and turnaround slowed.

Purchases Out Front of Drop in Mortgage Apps
Despite the lowest long-term fixed rates in over a year, new applications for home loans moved down -- with purchase financing activity leading the drop.

Mortgage Demand Rising, Credit Standards Holding
Senior mortgage executives expect that demand for purchase financing will keep rising. While a few noted a recent easing of credit standards, even fewer expect this to continue.


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