Mortgage Lending Forecasted to Fall After Q2 Peak
After peaking during the current quarterly period, single-family loan production is projected to retreat for the foreseeable future.
Mortgage Rates Dip, Should Stay Down
Fixed mortgage rates slipped and aren't expected to move much at least until 2018. Home loans for veterans have the lowest average rates.
Refi Share Thins, Conventional Metrics Strong
Refinances accounted for a smaller share of last month's home lending. Conventional refinance share was the widest. Conventional closing rates and turn times were the best.
Mortgage Apps Inch Up Despite Purchase Slowdown
New Wholesaler Offers Conventional, Gov and Non-QM
A modest up tick in applications for mortgages was driven by accelerating refinance activity. But applications for home purchase financing turned lower.
A newly launched wholesale lending program will provide third-party originators with access to conventional products, government loans and reverse mortgages.
Refinances Drive Up Mortgage Applications
More prospective borrowers for residential loans initiated the mortgage process last week. Behind the increase was a surge in refinance applications.
Ginnie Mae MBS Issuance Inches Up
Sale of Reverse Mortgages With Deceased Borrowers
Despite a year-over-year retreat in securitizations on behalf of the Government National Mortgage Association, there was a month-over-month bump.
The Department of Housing and Urban Development is selling reverse mortgages where the original borrowers in the transactions have died.