Mortgage Refinance Applications Outpace Purchases
While weekly home-purchase activity descended, an increase in mortgage refinance business led overall residential loan application volume higher.
Acting President Named at Ginnie
Senate Hearing Held for Carson as HUD Secretary
The president of the Government National Mortgage Association will depart with the outgoing administration, and an acting replacement has been named.
President-elect Donald J. Trump's choice to the head of the Department of Housing and Urban Development testified before senators Thursday.
Record Annual MBS Issuance, Outstandings at Ginnie
Annual loan securitizations ascended to an all-time high last year at the Government National Mortgage Association, as did the company's book of business.
Post-Holiday Mortgage Apps Ascend
Moving on from the latest holiday season, loan originators initiated more new business during the latest seven-day period.
Private M.I. Firms Unhappy With FHA Premium Cuts
Private mortgage insurance companies are annoyed at the Federal Housing Administration's decision to lower mortgage insurance premiums.
HAMP Tab Reaches $23 Billion
Government funds used to pay for the Home Affordable Modification Program have reached nearly $23 billion as the program neared its sunset.
FHA Cuts M.I. Premiums
As a result of ongoing economic improvement, mortgage insurance premiums on government-insured loans have been reduced.