Monthly Issuance Rises at Ginnie Mae
A modest improvement was made in monthly securitization volume at the Government National Mortgage Association. But a year-over-year drop was also reported.
|Purchases Lead Weekly Mortgage Business Up|
New mortgage activity picked up from the holiday week, with home-purchase financing leading the way. But the cashout share of business diminished to the most narrow level since last year.
Purchase Surge Overcomes Mortgage Refi App Decline
Even though refinance business slowed to the lowest level since the turn of the century, a surge in loan applications for purchase financing drove overall activity up.
FHA False Claims Actions Among Industry Concerns
Among the concerns shared by attendees at a recent secondary marketing conference is the legal uncertainty accompanying government-insured originations. A majority want a company-wide production management dashboard.
Jumbo Lending Lots Looser as Lenders Fight for Biz
Residential lenders relaxed credit requirements last month to the most flexible level since January. Driving the improvement were ambitious lenders fighting for jumbo business.
|Mortgage Biz in July 4 Week Lowest Since Holidays|
As Americans celebrated the 242nd birthday of the United States, new mortgage business sank to the lowest level since the holidays. Adjustable-rate volume took the biggest hit. But jumbo activity accelerated.
Decade-Low Monthly Reverse Mortgage Production
It's been more than a decade since the production of new federally insured reverse mortgages came in as low as it did last month.
Mortgage Refi App Slump Overcomes Purchase Bump
A few more applications that were completed for house-purchase loans were more than offset by a decline in the volume of refinance applications. Government share was unchanged, and jumbo rates lost some luster.
Agency MBS Issuance Up Despite Decline at Fannie
A dip in monthly securitizations at the Federal National Mortgage Association was more than offset by an increase in activity at both of its two housing finance counterparts.
|Record Low Rate-Term Refi Business|
Prospective rate-term refinance business descended to the lowest level in at least six years. Still, overall refinance activity moved higher even as purchase-money activity was lighter.