Refis to Pull Down Mortgage Originations in 2018
Although the annual volume of loans to finance a home purchase are forecasted to grow, a drop in projected refinances will drag down overall activity.
Lenders Make Riskier Mortgages as Closing Rate Up
Compared to a year ago, home lenders took more risk on mortgages closed last month as government share has widened. Closing ratios and turnaround improved from a month earlier.
Nearly $300 Million Judgment Against Allied
The federal government has obtained a nearly $300 million judgment against Allied Home Mortgage entities over alleged fraudulent misconduct on government-insured loans.
Mortgage Applications Retreat From Holiday Week
Mortgage applications slowed from the holiday week, though activity improved when seasonal factors are disregarded. Refinances slowed despite a widening share
MBS Issuance Up at Ginnie Mae
As the Government National Mortgage Association's book of business continued to grow, a month-over-month increase in issuance was recorded.
FHA is Best Growth Potential for Default Servicers
Ginnie Tackling VA Churning by Some Lenders
For default mortgage servicers, loans insured by the Federal Housing Administration offer the best potential for portfolio growth during the next couple years, according to a recent survey.
Under pressure from a prominent lawmaker, the Government National Mortgage Association is taking action to address the churning of home loans to veterans.
Trump To Nominate Former FHA Chief to Post Again
The former federal housing commissioner during the George W. Bush administration is being nominated for the same post again by the current administration.
Mortgage Apps Jump, Refi Share Widest in 8 Months
After factoring in the Labor Day holiday, the volume of new home loan applications jumped last week. Refinance share, meanwhile, widened to the highest level in eight months.