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Mortgage Market Index Up from Year Earlier
DALLAS -- (Dec. 30, 2013) While the holidays took an expected toll on new mortgage business, activity was stronger than a year earlier. Government-insured business took the biggest week-over-week hit.

Purchase Financing Strong in Weekly Mortgage Market Index
DALLAS -- (Dec. 23, 2013) While overall mortgage business has softened over the past year, purchase financing is up by more than half. Also continuing to show strength is adjustable-rate activity.

Weekly Mortgage Market Index Down as ARMs, Jumbos Up
DALLAS -- (Dec. 16, 2013) Mortgage rates jumped last week, sending new activity lower. But the volume of jumbo inquiries soared, while adjustable-rate business moved higher.

Mortgage Fraud Index Falls to Post Crisis Low
DALLAS -- (Dec. 16, 2013) The level of prosecutorial activity on mortgage fraud cases fell to the lowest level since the financial crisis erupted. Despite diminishing activity, two states saw a surge.

Weekly Mortgage Market Index Rises
DALLAS -- (Dec. 9, 2013) Prospective mortgage borrowers came charging out of the Thanksgiving holiday week -- driving new business to the highest level since October. Leading the improvement was government-insured purchase financing.

Mortgage Daily Celebrates 15 Year Anniversary
DALLAS -- (Dec. 3, 2013) Mortgage Daily is celebrating 15 years in business, a period that included record high originations, a sector meltdown and a sweeping overhaul of financial regulation.

15-Year Benefit Surges in Weekly Mortgage Market Index
DALLAS -- (Dec. 2, 2013) The benefit of opting for a 15-year mortgage increased significantly as interest rates rose. The holiday week took a big toll on new business.

Index Increases
DALLAS -- (Nov. 25, 2013) Thanks to the prior week's holiday and improving interest rates, new mortgage activity picked up. Government activity showed the greatest improvement.

Over 15,000 Mortgage Jobs Lost in Third Quarter
DALLAS -- (Nov. 19, 2013) It was the worst quarter since before the financial crisis for mortgage employment, which declined by more than 15,000 jobs. Even bigger losses are ahead.

Mortgage Market Index Down on Refis, Conventional Loans
DALLAS -- (Nov. 18, 2013) Weekly mortgage market activity was down last week as a result of an interest rate surge, with refinances taking the biggest hit. Conventional loan activity also fared poorly.

Biggest Mortgage Lenders in Q3
DALLAS -- (Nov. 12, 2013) Residential loan originations took a hit in the third quarter, and fourth quarter volume is poised for a further decline. But the top three lenders and servicers maintained their standings.

Weekly Mortgage Market Index Rises
DALLAS -- (Nov. 11, 2013) Thanks to an increase in activity for jumbo, government-insured and adjustable-rate mortgages, weekly mortgage activity moved higher.

Mortgage Daily Surpasses 20,000 Pages of News
DALLAS -- (Nov. 6, 2013) /PRNewswire/ Since going live in June 1999, Mortgage Daily has published more than 20,000 pages of mortgage news.

Jumbos Lead Decline in Weekly Mortgage Market Index
DALLAS -- (Nov. 4, 2013) With jumbo activity leading the way, new mortgage business was down last week. Also hurting weekly performance were adjustable-rate mortgages and refinances.

Weekly Mortgage Market Index Rises on Refis
DALLAS -- (Oct. 28, 2013) Mortgage rates tumbled last week, and prospective borrowers immediately seized the opportunity to lock in their refinances. Jumbo business also surged.

Slight Decline in Weekly Mortgage Market Index
DALLAS -- (Oct. 21 2013) The government shutdown and reopening had little impact on new mortgage business last week. But interest rates were slightly higher.

Weekly Mortgage Market Index Lower on Higher Rates
DALLAS -- (Oct. 14 2013) As mortgage rates crept higher, new mortgage activity drifted lower last week -- with refinances leading the decline. Adjustable-rate activity, however, improved.

Weekly Mortgage Market Index Drops as Shutdown Takes Effect
DALLAS -- (Oct. 7 2013) As the government shutdown took effect, new mortgage activity turned lower despite an improvement in interest rates. Jumbo and adjustable-rate mortgages took the biggest hits.

Refis Inch Higher as Weekly Mortgage Market Index Slips
DALLAS -- (Sept. 30 2013) While overall mortgage activity was little changed last week, there was a bump in refinance business as mortgage rates moved lower.

Weekly Mortgage Market Index Jumps on Refis
DALLAS -- (Sept. 23 2013) Inquiries for rates on refinance transactions jumped by more than a quarter as interest rates fell. All other categories also moved higher.

Weekly Mortgage Market Index Up from Holiday Week
DALLAS -- (Sept. 16 2013) Loan originators made up some of their losses from the Labor Day holiday with the help of slightly lower interest rates last week. Leading the recovery were adjustable-rate and jumbo mortgages.

Mortgage Litigation Index Still Elevated
DALLAS -- (Sept. 16, 2013) /PRNewswire/ The level of litigation tied to mortgage-related issues remains elevated, according to Mortgage Daily's First Quarter 2013 Mortgage Litigation Index. A decline in foreclosure-related actions was offset by an increase in other categories.

Weekly Mortgage Market Index Down in Holiday Week
DALLAS -- (Sept. 9 2013) As expected, Labor Day weekend took a toll on new mortgage business, with refinances suffering the biggest setback. Also hit hard were conventional inquiries.

ARM Activity Off in Weekly Mortgage Market Index
DALLAS -- (Sept. 3 2013) New mortgage business mostly held up last week, though a decline was noted for adjustable-rate mortgages as fixed interest rates eased. Purchase financing also slowed.

Weekly Mortgage Market Index Inches Higher
DALLAS -- (Aug. 26, 2013) New business picked up last week thanks to an increase in new activity for adjustable-rate mortgages, government-insured loans and purchase financing. Jumbo activity slowed despite more competitive jumbo pricing.

Q2 Mortgage Employment Index Deteriorates
DALLAS -- (Aug. 26, 2013) /PRNewswire/ Declining delinquency drove servicers to reduce headcount in the second quarter. The biggest casualties were suffered by the largest servicers, while up-and-coming servicers added to their payrolls. The pain is likely to deepen in upcoming quarters.

Biggest Mortgage Lenders in Q2
DALLAS -- (Aug. 19, 2013) /PRNewswire/
Among the largest lenders in the country, two companies traded positions as industry-wide quarterly originations edged up. Initial indications are that the current quarter's production is on track for a decline. Meanwhile, the second- and third-biggest servicers traded rankings.

ARMs Lead Drop in Weekly Mortgage Market Index
DALLAS -- (Aug. 19, 2013) A decline in new mortgage business was led by adjustable-rate mortgages. Meanwhile, the spread between conforming and jumbo mortgages widened by 8 basis points. But pricing on 15-year loans became more competitive.

Weekly Mortgage Market Index Slips as Jumbos, ARMs Increase
DALLAS -- (Aug. 12, 2013) Although there was little change in overall new mortgage activity last week, a nice increase was posted for jumbo transactions. Adjustable-rate mortgage volume was also higher -- nearly doubling from a year ago -- as a bigger share of prospective borrowers turned to ARM products.

Weekly Mortgage Market Index Eases Led by Refis
DALLAS -- (Aug. 5, 2013) Refinance activity led an overall decline in mortgage activity thanks to higher interest rates. As jumbo pricing became less competitive, 15-year pricing was more attractive.

Mortgage Market Index Falls With FHA Leading Decline
DALLAS -- (July 29, 2013) Government activity led a decline in new mortgage business last week. Compared to last year, purchase financing has increased by the same rate that refinances have spiraled down. Jumbo pricing continued to improve versus conforming business.

Weekly Jumbo Activity Up Even as Mortgage Market Index Flat
DALLAS -- (July 22, 2013) With the premium for a jumbo loan having fallen by more than half from a year ago, new jumbo business was up even as conforming activity was flat. The best year-over-year performance this past week was delivered by purchase transactions, though adjustable-rate mortgages were close behind.

Bank, Credit Union Failures Rise
DALLAS -- (July 22, 2013) /PRNewswire/ Thanks to a jump in bank failures and a continued worsening trend in the credit union sector, quarterly mortgage-related casualties rose to the highest level in a year. The forecast is for a decline in bank failures and an increase in credit union and non-bank closings.

Weekly Mortgage Market Index Accelerates Out of Holiday Week
DALLAS -- (July 15, 2013) Adjustable-rate mortgages led a revival in mortgage activity coming out of the holiday week. Also excelling were purchase and jumbo transactions.

Mortgage Market Index Tumbles in Holiday Week
DALLAS -- (July 8, 2013) Pricing inquiries for refinance transactions led an overall decline in mortgage activity during the Independence Day holiday week, though adjustable-rate activity was down nearly as much. Mortgage rates eased.

ARM, Purchase Activity Up in Weekly Mortgage Market Index
DALLAS -- (July 1, 2013) Rapidly rising rates weren't enough to hold back a jump in new home purchase financing activity. But the rate increase did drive more prospective borrowers into adjustable-rate products.

Mortgage Industry Highs, Lows and Forecast
DALLAS -- (June 24, 2013) /PRNewswire/
The mortgage industry suffered some serious blows over the past decade -- with hundreds of firms wiped out and close to half of employees losing their jobs at one point. While some segments have experienced a partial recovery, real estate finance is likely to remain a shell of its former self for the foreseeable future.

Refinances Lead Weekly Mortgage Market Index Lower
DALLAS -- (June 24, 2013) New loan activity dropped last week, with refinance business leading the decline. As mortgage rates continue to climb, more loan prospects are electing to go with an adjustable-rate mortgage.

Weekly Mortgage Market Index Holds Up Despite Higher Rates
DALLAS -- (June 17, 2013) Mortgage rates have increased for six consecutive weeks, but that wasn't enough to slow down new mortgage activity.

Mortgage Fraud Index Rises, But Still Low
DALLAS -- (June 17, 2013) /PRNewswire/
Federal, state and local prosecutors picked up the quarterly pace of activity in mortgage fraud cases -- though actions were still low based on standards established since the financial crisis.

Rising Rates Prompt Flurry of Activity in Weekly Mortgage Market Index
DALLAS -- (June 10, 2013) As prospective refinance customers rushed to lock in quickly rising rates, a surge in conventional refinance activity helped push up overall new business to the highest level in more than a year-and-a-half.

Purchase Financing Strengthens in Mortgage Market Index Report
DALLAS -- (June 3, 2013) Even a holiday week wasn't enough to slow down home purchase financing -- which increased for the third consecutive week. But refinance business was a different story. Rising mortgage rates moved above 4 percent for the first time in more than a year.

Mortgage Employment Index Jumps Most in Nearly 4 Years
DALLAS -- (June 3, 2013) /PRNewswire/ The first quarter proved to be the best since 2009 for jobs in real estate finance. Much of the gain was in the state of Michigan.

Home Purchase Financing Up in Weekly Mortgage Market Index
DALLAS -- (May 28, 2013) Loan originators managed to overcome the slowdown that normally precedes a holiday week and pushed activity higher. Leading the way were purchase transactions and government-insured business.

Purchase Financing Holds as Mortgage Market Index Retreats
DALLAS -- (May 20, 2013) Although overall new mortgage activity was slower last week, purchase financing was up, albeit only slightly. Adjustable-rate mortgage activity also ticked higher.

Decline in Weekly Mortgage Market Index Led by Refis, ARMs
DALLAS -- (May 13, 2013) Loan originators were a little less busy last week as interest rates moved higher. The hardest-hit categories were adjustable-rate mortgages and refinances.

Biggest Mortgage Lenders in Q1
DALLAS -- (May 13, 2013) /PRNewswire/ Mortgage originations were off from the fourth quarter, but several players still managed to increase business. The second-quarter forecast calls for stronger production. Although the three-biggest mortgage servicers reduced their servicing portfolios, a trio of rising stars each added more than $100 billion to their portfolios.

Weekly Mortgage Market Index Ascends
DALLAS -- (May 6, 2013) As mortgage rates moved lower, new mortgage activity moved higher, according to the U.S. Mortgage Market Index from LoanSifter and Mortgage Daily.

Weekly Mortgage Market Index Slips Despite Lower Rates
DALLAS -- (April 29, 2013) Mortgage rates improved last week, but that wasn't enough to stimulate new mortgage business. The biggest drag on new business were jumbo mortgages and government-insured loans.

Weekly Mortgage Market Index Slips
DALLAS -- (April 22, 2013) Despite a drop in interest rates last week, new mortgage activity slowed. Leading the decline were government-insured loans and refinances.

Mortgage Casualties On Track for 7-Year Low
DALLAS -- (April 15, 2013) /PRNewswire/ This year is on track to see the fewest number of mortgage-related casualties in seven years. First-quarter bank failures were the slowest of any quarter since before the financial crisis. But quarterly credit union casualties exceeded bank failures and climbed to the highest level in a year.

Weekly Mortgage Market Index Slips Led by FHA
DALLAS -- (April 15, 2013) Pricing inquiries for prospective borrowers were off slightly this week, with government-insured activity leading the decline. But jumbo business was stronger.

LoanSifter to Power Mortgage Market Index
DALLAS -- (April 15, 2013) Mortgage Daily, a leading online news publication for the mortgage industry, and LoanSifter, the leading provider of product eligibility and pricing solutions for the mortgage banking industry, have agreed to an alliance where LoanSifter data will be utilized to power the Mortgage Market Index.

Rise in Weekly Mortgage Market Index Led by Jumbo
DALLAS -- (April 8, 2013) Mortgage rates eased last week, prompting a surge in refinance and jumbo activity. But government-insured business was lower.

5-Year Low for Mortgage Fraud Index
DALLAS -- (April 8, 2013) /PRNewswire/ The holidays took a toll on mortgage fraud prosecutions as the Q4-2012 Mortgage Fraud Index sank to its lowest level in nearly five years. However, the drop appears to have only been temporary. California saw a big improvement, while the dollar volume in Florida spiked.

Weekly Mortgage Market Index Down Despite Stable Rates
DALLAS -- (April 1, 2013) A drop in conventional refinances weighed heavily on new mortgage business last week, which slowed despite no increase in long-term mortgage rates. Activity on jumbo loans took a hit as the premium for larger loans deteriorated.

Mortgage Litigation Index Down Despite Foreclosure Deterioration
DALLAS -- (March 25, 2013) /PRNewswire/ Fewer actions tied to employment and compliance helped reduce overall mortgage litigation activity. But activity is expected to remain elevated above historical levels as foreclosure, investor and regulatory litigation persists.

Weekly Mortgage Market Index Up on Refis, Conventional
DALLAS -- (March 25, 2013) Refinance loan prospects rushed to lock in their interest rates last week as 30-year mortgage rates moved 8 basis points lower. The conventional category also contributed to the surge in new activity, as did home purchase financing. Jumbo rates were little different than conforming interest rates, and overall business has nearly doubled over the last 12 months.

Refinances Sink in Weekly Mortgage Market Index
DALLAS -- (March 18, 2013) Increasing interest rates are having a negative impact on new mortgage activity, with conventional refinance business taking the biggest hit. Most categories have increased from a year ago -- with jumbo business seeing the biggest gain. The benefit of a shorter term loan improved.

Weekly Mortgage Market Index Declines
DALLAS -- (March 11, 2013) New mortgage business slowed this past week, with refinance activity suffering the greatest setback. The drop in activity was accompanied by an increase in mortgage rates.

Weekly Mortgage Market Index Increases Again
DALLAS -- (March 4, 2013) New mortgage activity raced to the highest level in 12 weeks as borrowers rushed to lock in their interest rates on refinances -- though all categories of lending were stronger. Helping to drive the second consecutive week of improvements were lower rates.

Mortgage Employment Index Peaks in 2012
DALLAS -- (March 4, 2013) /PRNewswire/ Mortgage industry staffing expanded last year more than any year since the mortgage crisis first erupted. But the outlook has demand weakening for mortgage employees.

Biggest Mortgage Lenders in 2012
DALLAS -- (Feb. 25, 2013) /PRNewswire/ Mortgage companies increased originations last year, and there was some shifting among the five-biggest lenders. A new No. 3 lender emerged in the fourth quarter, and volume during the current quarter is likely to slow. Among mortgage servicers, three growing players have ascended to top-10 positions.

Weekly Mortgage Market Index Moves Up
DALLAS -- (Feb. 25, 2013) New mortgage business improved last week, with refinances leading the way. The only category to see a decline was the jumbo loan category, and that appears to be the result of a wider jumbo-conforming spread.

Loan Originator Survey Released
DALLAS -- (Feb. 19, 2013) /PRNewswire/ The 2012 Loan Originator Survey from Mortgage Daily provides insight into issues impacting mortgage loan officers.

Jumbo Activity Picks in Weekly Mortgage Market Index
DALLAS -- (Feb. 18, 2013) Dragged down by receding refinances, overall mortgage activity declined last week. But jumbo activity rose for the third consecutive week as the premium for a jumbo mortgage fell for the fifth consecutive week.

FHA Business Leads Weekly Mortgage Market Index Higher
DALLAS -- (Feb. 11, 2013) New government-insured activity led a resurgence in overall mortgage business last week. Jumbo activity lagged other categories even though the spread between conforming and jumbo mortgages has narrowed considerably.

Slowing Refis Weigh On Weekly Mortgage Market Index
DALLAS -- (Feb. 4, 2013) As rates inched up again, refinances slowed and a bigger share of prospective borrowers opted to lock in on an adjustable-rate mortgage. Also offsetting the weekly downturn in refinances was jumbo activity.

Fewer Refinances Drag Down Weekly Mortgage Market Index
DALLAS -- (Jan. 28, 2013) New mortgage business slowed this past week as interest rates rose -- with refinance activity taking the biggest hit. Compared to a year earlier, however, most metrics have improved considerably. The government's share of the mortgage market was fatter, and jumbo pricing improved.

Conventional Refinances Lead Jump in Weekly Mortgage Market Index
DALLAS -- (Jan. 22, 2013) New mortgage business jumped this past week and has improved for three consecutive weeks now. Conventional refinances fueled the surge in new business, though jumbo activity saw the biggest increase.

Weekly Mortgage Market Index Up 2nd Consecutive Week
DALLAS -- (Jan. 14, 2013) New mortgage business was better for a second consecutive week. Although jumbo mortgages were priced worse relative to their conforming counterparts, the category was one of the strongest during the latest week. As mortgage rates moved higher, shorter term loans became more attractive and adjustable-rate activity jumped by more than a quarter.

Weekly Mortgage Market Index Jumps After Holidays
DALLAS -- (Jan. 7, 2013) Following three consecutive weeks of decline, loan originators managed a healthy post-holiday bump in new business. While new refinance business was strong, an even bigger jump was recorded for jumbo and adjustable-rate mortgages.

Mortgage Casualties Fall to Pre-Crisis Low
DALLAS -- (Jan. 7, 2013) /PRNewswire/ The number of mortgage-related businesses to end operations during the final quarter of 2012 was down by half from 2011. Full-year casualties fell to the lowest level since before the subprime crisis.

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