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Mortgage Daily Press Releases

Weekly Mortgage Market Index Up From Christmas 2014
DALLAS -- (Dec. 28, 2015) As expected, new loan activity retreated during the week that included Christmas. But business was better than in the same week last year, with government-insured activity seeing the biggest gain.

Weekly Mortgage Market Index Jumps to 7-Month High
DALLAS -- (Dec. 21, 2015) New weekly mortgage activity accelerated to the highest level in more than seven months, and it was jumbo loan business that came in with the biggest gain.

Weekly Mortgage Market Index Slows, ARMs Rise
DALLAS -- (Dec. 14, 2015) Weekly mortgage activity slowed, and government-insured business led the downturn. But adjustable-rate business picked up.

Weekly Mortgage Market Index Up, ARM Biz Soars
DALLAS -- (Dec. 7, 2015) Interest rates on residential loans are poised to make a leap higher, prompting prospective borrowers and their loan originators to rush into adjustable-rate mortgages.

Weekly Mortgage Market Index Drops, ARMs Sink
DALLAS -- (Nov. 30, 2015) New mortgage activity fell last week, though -- given the Thanksgiving holiday and Black Friday -- the decline was modest. Adjustable-rate business sank.

Weekly Mortgage Market Index Up, Jumbo Leads
DALLAS -- (Nov. 23, 2015) Following the holiday week, jumbo mortgages led an improvement in overall business. And while interest rates on home loans dipped, jumbo rates tumbled.

Weekly Mortgage Market Index Down Again, Jumbo Sinks
DALLAS -- (Nov. 16, 2015) For the second week in a row, new mortgage business was slower -- and jumbo activity took the biggest beating. Adjustable-rate activity, however, jumped.

Jumbo Leads Weekly Mortgage Market Index Down
DALLAS -- (Nov. 9, 2015) Just as fast as it rose, weekly jumbo mortgage business reversed course -- leading overall new mortgage activity lower this past week.

Jumbo Surge in Weekly Mortgage Market Index
DALLAS -- (Nov. 2, 2015) A doubling of new jumbo business and a solid gain in purchases more than offset weakness in other categories of weekly mortgage activity.

Mortgage Market Index Down Despite Rate Improvement
DALLAS -- (Oct. 26, 2015) Fixed rates retreated on residential loans. But that wasn't enough to generate an improvement in new weekly mortgage activity.

Weekly Mortgage Market Index Off In Holiday Week
DALLAS -- (Oct. 19, 2015) A holiday week and an increase in interest rates helped pull down overall new mortgage activity during the latest seven-day period. Jumbo business took the biggest hit.

Weekly Mortgage Market Index Up Slightly on Rates
DALLAS -- (Oct. 12, 2015) A third consecutive week of rate declines helped nudge up new mortgage activity for the second week in a row. Refinance business moved up the most.

Weekly Mortgage Market Index Inches Up, ARMs Jump
DALLAS -- (Oct. 5, 2015) As interest rates inched lower this past week, overall new mortgage activity inched higher. The increase in activity, however, was more substantial for adjustable-rate mortgages.

Growing Firms Drive Up Q2 Mortgage Employment
DALLAS -- (Oct. 5, 2015) Quarterly mortgage staffing has expanded, with growing players fueling the increase. Many job losses were concentrated in the East.

Weekly Mortgage Market Index Slips But Refis Surge
DALLAS -- (Sept. 28, 2015) An improvement in interest rates on home loans prompted a rush of refinance activity, though overall weekly mortgage business slipped.

Mortgage Market Index Up Led by Jumbo, Purchase
DALLAS -- (Sept. 21, 2015) New mortgage activity moved higher following the holiday week, with jumbo business up by nearly half and purchase financing climbing nearly a third.

Mortgage Market Index Holds Up in Holiday Week
DALLAS -- (Sept. 14, 2015) Although government-insured and jumbo business took a hit during the holiday week, overall activity held up thanks to a surge in cashout refinances and a bump in adjustable-rate volume.

Biggest Mortgage Lenders and Servicers in Q2
DALLAS -- (Sept. 14, 2015) Home lenders managed to lift quarterly production by more than a fifth as Wells Fargo maintained a tight grip on its top ranking.

Mortgage Market Index Down on Rising Rates
DALLAS -- (Sept. 8, 2015) Increasing rates on home loans drove down weekly refinance activity, helping to suppress overall mortgage activity ahead of the holiday week.

Mortgage Market Index Surges on Falling Rates
DALLAS -- (Aug. 31, 2015) As mortgage rates plunged this past week, jumbo loan and adjustable-rate mortgage activity shot up -- helping to drive up overall business.

Jumbo Leads Drop in Weekly Mortgage Market Index
DALLAS -- (Aug. 24, 2015) The jumbo-conforming spread significantly improved but didn't slow the more than one-half drop in jumbo business. An overall rate decline also didn't help overall activity. Adjustable-rate and cashout-refinance business, however, jumped.

Jumbo Defies Drop in Weekly Mortgage Market Index
DALLAS -- (Aug. 17, 2015) Overall weekly mortgage activity slipped as interest rates were worse, though jumbo mortgage business and jumbo interest rates were both improved.

Weekly Mortgage Market Index Up as Refis Surge
DALLAS -- (Aug. 10, 2015) Fixed mortgage rates fell for the third week in a row, prompting loan originators and borrowers to rush out and lock in their refinance rates.

Jumbo Biz Overcomes Slump in Mortgage Market Index
DALLAS -- (Aug. 3, 2015) Though weekly mortgage activity fell back, jumbo mortgage business leapt ahead in spite of a less favorable jumbo-conforming spread.

Weekly Mortgage Market Index Up, FHA Leads
DALLAS -- (July 27, 2015) Weekly mortgage activity bounced back, with government-insured business leading the way. Meanwhile, jumbo mortgage rates dove further below conforming rates.

Jumbo Leads Decline in Mortgage Market Index
DALLAS -- (July 20, 2015) Halfway through the month of July, weekly mortgage business continued slowing, with jumbo loan activity taking the biggest knock-down punch.

Mortgage Market Index Enhanced With OpenClose Data
WEST PALM BEACH, Fla. and DALLAS -- July 15, 2015 -- OpenClose®, an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that it is now delivering weekly data for the U.S. Mortgage Market Index, an indicator of upcoming mortgage originations that is published by Mortgage Daily, a leading online news and data source for the mortgage industry.

ARMs Lead Holiday Retreat in Mortgage Market Index
DALLAS -- (July 13, 2015) As fixed rates retreated, adjustable-rate activity took the biggest hit in the week of business that included the Independence Day holiday.

Jobs Migrate North in Q1 Mortgage Employment Index
DALLAS -- (July 13, 2015) The number of people working in home lending has fallen on a quarterly basis, though there was a recent monthly upturn. Mortgage jobs appear to be migrating North.

Weekly Mortgage Market Index Up as ARMs, Jumbos Surge
DALLAS -- (July 5, 2015) New mortgage activity ascended last week, and a surge in adjustable-rate and jumbo business led the improvement.

Weekly Mortgage Market Index Up, Refis Rise Most
DALLAS -- (June 29, 2015) New mortgage activity moved higher over the past week, and refinance transactions were out front of the ascension.

Weekly Mortgage Market Index Drops Led by FHA
DALLAS -- (June 22, 2015) Interest rates on home loans improved, but apparently not enough to drive up new mortgage business. Government-insured activity led the decline, while jumbo business inched higher.

Weekly Mortgage Market Index Down on Rising Rates
DALLAS -- (June 15, 2015) Refinances led weekly mortgage activity lower as fixed interest rates on residential loans made a move higher.

FHA Leads Weekly Mortgage Market Index Up
DALLAS -- (June 8, 2015) Weekly mortgage activity bounced back from the holiday week, and it was government-insured loans and purchase financing that led the rebound.

Biggest Mortgage Lenders and Servicers
DALLAS -- (June 8, 2015) Most of the 10-largest home lenders improved on their quarterly loan originations. But among the 10-biggest servicers, half saw their portfolios diminish.

Holiday Retreat for Weekly Mortgage Market Index
DALLAS -- (June 1, 2015) New mortgage activity slowed as expected during the holiday week, and it was government-insured and jumbo business that led the decline.

Mortgage Market Index Drops 5th Consecutive Week
DALLAS -- (May 22, 2015) For the fifth consecutive week, new mortgage activity came up short of prior-week business. Last week, the decline was aided by reduced inquiries for adjustable-rate mortgages and jumbo loans.

The State of Mortgage Lending
DALLAS -- (May 21, 2015) Although mortgage originations stand near the weakest level since the crisis, distressed loan ratios have significantly strengthened, according to data collected and reported by Mortgage Daily, a leading source of mortgage news and statistics.

ARMs, Refis Defy Decline in Mortgage Market Index
DALLAS -- (May 15, 2015) Last week's new mortgage activity failed to surpass business in the prior week, though activity with adjustable-rate mortgages and refinances grew.

Purchases, ARMs Overcome Mortgage Market Index Slump
DALLAS -- (May 11, 2015) New mortgage business fell just short of prior-week activity. But purchase financing activity was stronger, and adjustable-rate mortgage business was busier.

ARMs, Jumbos Drop as Weekly Mortgage Market Index Off
DALLAS -- (May 4, 2015) The past week, new mortgage business declined as adjustable rate mortgages and jumbo loans took the biggest week-over-week hits.

Weekly Mortgage Market Index Retreats
DALLAS -- (April 27, 2015) Despite stronger business on a year-over-year basis, refinance activity took the hardest hit as new mortgage activity slowed this past week. Meanwhile conventional activity had the second worst week-over-week showing.

Jumbos, Refis Lead Weekly Mortgage Market Index Up
DALLAS -- (April 20, 2015) After three consecutive weeks of decline, new home borrowing activity saw a boost -- with jumbo and refinance loans leading the week-over-week change.

Purchase Off Again in Weekly Mortgage Market Index
DALLAS -- (April 13, 2015) Borrowing activity on home purchases was down for the third consecutive week, though jumbo and refinance were the hardest-hit categories on a week-over-week basis.

Weekly Mortgage Market Index Up from Year Prior
DALLAS -- (April 5, 2015) New home borrowing activity was curtailed by seasonal events, and the adjustable-rate and refinance categories had the steepest declines. But business was stronger than a year earlier.

Mortgage Market Index Retreats, Jumbo Up
DALLAS -- (March 30, 2015) Although interest rates improved this past week, new mortgage activity slowed down. One bright spot, however, was jumbo business.

Nonbanks Dominate Hirings in Mortgage Employment Index
DALLAS -- (March 25, 2015) Mortgage industry staffing expanded during the fourth-quarter 2014, with non-bank lenders responsible for many of the hirings. Banks saw the biggest mortgage layoffs.

Refinances Up in Weekly Mortgage Market Index
DALLAS -- (March 23, 2015) Mortgage business was lifted by an improvement in interest rates. Leading the week-over-week gain was refinance activity.

10-Month High for Purchases in Mortgage Market Index
DALLAS -- (March 16, 2015) Home lending activity staged a slight comeback despite a bump in interest rates. Meanwhile, purchase financing activity climbed to the highest level in 10 months.

Biggest U.S. Mortgage Firms
DALLAS -- (March 16, 2015) While there was no change in the top-five ranking of home lenders, the concentration of business among the 10 largest lenders dropped. Banks gave up significant market share to nonbanks and credit unions.

Weekly Mortgage Market Index Down, But Purchases Up
DALLAS -- (March 9, 2015) Home loan rates ticked up this past week, driving down overall activity -- especially refinances. The only category not to lose ground from the previous week was purchase financing.

Weekly Mortgage Market Index Moves Higher
DALLAS -- (March 2, 2015) An expected recovery from the holiday week hit mortgage lending, with inquiries for refinances making the strongest comeback. Refinances also led an even more impressive year-over-year gain.

Weekly Mortgage Market Index Improves from Year Ago
DALLAS -- (Feb. 23, 2015) Presidents' Day, along with rate deterioration, took a toll on new mortgage activity. But business was still better than a year ago.

Rate Spike Hurts Weekly Mortgage Market Index
DALLAS -- (Feb. 16, 2015) Home loan rates turned higher this past week, significantly depressing new refinancing activity and dragging overall business lower.

Weekly Mortgage Market Index Declines, Jumbo Leads
DALLAS -- (Feb. 9, 2015) Despite an improvement in interest rates, new mortgage activity slumped this past week -- and jumbo mortgage business led the decline.

FHA Leads Weekly Mortgage Market Index Up
DALLAS -- (Feb. 2, 2015) Weekly mortgage activity turned higher, and government-insured business saw the biggest improvement for the second week in a row.

FHA Activity Up as Mortgage Market Index Off
DALLAS -- (Jan. 26, 2015) Activity on prospective new mortgages declined this past week. But one category, loans insured by the Federal Housing Administration, moved higher.

Weekly Mortgage Market Index Highest Since 2013
DALLAS -- (Jan. 19, 2015) New mortgage business soared to the highest level since the summer of 2013 as rates continued to retreat. Government-insured activity led the charge.

Weekly Mortgage Market Index Surges on Rates
DALLAS -- (Jan. 12, 2015) Refinances were out front of a weekly surge in new mortgage business that had overall activity at the highest level since October. Behind the surge were the lowest rates since May.

Mortgage Market Index Off From 1st Week of 2014
DALLAS -- (Jan. 5, 2015) Although mortgage business picked up between Christmas and New Years, activity still lagged the first week of last year.

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