Refinances Lead Retreat in Mortgage Applications
Prospective borrowers on home loans completed fewer loans applications last week, and applications for refinances led the retreat.
MSRs on Around $1 Billion in Agency Loans Available
A pair of flow offerings on the market could land the buyer mortgage servicing rights on more than $1 billion in agency residential loans.
Freddie Supercharges Mortgage Origination Outlook
Little Change in Mortgage Rates Likely to Continue
Freddie Mac has increased its expectations for this year's and next year's combined U.S. residential loan originations by $400 billion.
Fixed interest rates on residential loans hardly changed this past week, and the same can be expected over the coming week.
Mortgage Lenders Raise Level of Risk
Credit scores on closed home loans have moved lower for five consecutive months. At the same time, debt-to-income ratios stand at their highest level since early last year.
Continued Strength in Purchase Mortgage Apps
New applications for residential loans moved higher last week, and purchase financing was out front of the weekly gain.
Delinquency, Foreclosure Rates Lowest in Years
It's been more than eight years since 30-day delinquency has been this low, while it's been nearly than long since the foreclosure rate was this low.
Another Mortgage Discrimination Settlement
The vigorous pace of settlements between the government and mortgage firms over allegations of discriminatory lending practices continues in Michigan.