Rowan Alum, Kevin Crichton of E Mortgage Management Presented as Guest Speaker During the "Coffee with an Entrepreneur" Event at Rowan University
Cherry Hill, New Jersey -- (Dec. 11, 2018) Kevin Crichton, President and Chief Operating Officer of E Mortgage Management, LLC (EMM) recently presented as guest speaker during a "Coffee with an Entrepreneur" event held at Rowan University to over 35 students.
Borrowers Rush to Refi as Rate Retreat, Mortgage Market Index Up
DALLAS -- (Dec. 11, 2018) A sudden drop in interest rates last week had existing mortgage borrowers rushing to lock in rates for a refinance -- driving up the U.S. Mortgage Market Index from Mortgage Daily in the process.
Mortgage Market Index Rebounds from Holiday
DALLAS -- (Dec. 6, 2018) A modest rebound from the holiday week lifted the weekly U.S. Mortgage Market Index from Mortgage Daily. A seven-month high was recorded for FHA share.
Mortgage Market Index Sinks to 2018 Low
DALLAS -- (Nov. 27, 2018) A long holiday weekend drove down the U.S. Mortgage Market Index from Mortgage Daily to the lowest level since last year. Veterans mortgage share was more broad than any week on record.
Mortgage Market Index Drops, Jumbo Dives
DALLAS -- (Nov. 20, 2018) The weekly U.S. Mortgage Market Index from Mortgage Daily fell to a four-month low. Despite a sharp improvement in jumbo rates, rate locks for jumbo loans led new business lower.
Purchases Strong in Weekly Mortgage Market Index
DALLAS -- (Nov. 12, 2018) A strong showing for purchase-money transactions was behind a broad-based week-over-week escalation in the U.S. Mortgage Market Index report.
Drop in Purchases Pulls Down Mortgage Market Index
DALLAS -- (Oct. 29, 2018) An exact reversal of last week had an increase in new refinance business being more than offset by a decline in purchase-money business. Adjustable-rate activity soared.
Weekly Mortgage Market Index Down on Refis
DALLAS -- (Oct. 22, 2018) A nice up tick in purchase financing activity was wiped out by a weekly decrease in refinance business. Similarly, an increase in government volume was more than offset by a drop in conventional activity.
Weekly Mortgage Market Index Down, Purchase Lead
DALLAS -- (Oct. 15, 2018) Weekly mortgage business slowed during the holiday week and was also down from last year. Home purchase financing business took the biggest weekly hit, while refinances suffered least.
Weekly Mortgage Market Index Up as Gov Surges
DALLAS -- (Oct. 8, 2018) New mortgage business surged this past week as a four-month high was reached for government activity. Cashout share was the most narrow it's been in a year, while rate-term share was it's widest in seven months.
Drop in Weekly Mortgage Market Index Led by Refis
DALLAS -- (Oct. 1, 2018) Government share was the most broad it's been in five months thanks to the widest veterans share in at least two years. Although rate-term share was the widest it's been in six months, it was still refinances that led an overall week-over-week decline.
VA Drives Up Weekly Mortgage Market Index
DALLAS -- (Sept. 24, 2018) An improvement in weekly mortgage business was driven by a surge in prospective loans to veterans. Despite deterioration of 3 basis points in fixed rates, the share of people seeking a rate-term refinance grew to the widest level in six months.
Mortgage Market Index Up, Record ARM Share
DALLAS -- (Sept. 17, 2018) New mortgage business really picked up from the holiday week. The strongest showing was with adjustable-rate mortgages -- with ARM share coming in wider than any prior week in at least nearly a decade.
Mortgage Market Index Down 4th Consecutive Week
DALLAS -- (Sept. 10, 2018) New mortgage business retreated for the fourth consecutive week, with the holiday dragging down the latest seven-day period. Even more significant was the year-over-year decline. Cashout and veterans activity were the slowest since last year. But one bright spot was purchase-money business.
Purchases Pull Down Weekly Mortgage Market Index
DALLAS -- (Sept. 4, 2018) A sharp increase in weekly cashout share drove overall refinances significantly higher. But the volume of new purchase-money business turned significantly lower ahead of the holiday weekend -- leading a drop in overall business and also way down from a year ago.
Weekly Mortgage Market Index Dips, ARMs Lead
DALLAS -- (Aug. 27, 2018) There was a modest dip in new mortgage business this week, with adjustable-rate mortgages seeing the biggest decline. Jumbo activity however, defied the overall trend.
RoundPoint Mortgage Servicing Corporation Completes $94 Million Equity Private Placement of Convertible Preferred Stock
CHARLOTTE, North Carolina -- (Aug. 24, 2018) RoundPoint Mortgage Servicing Corporation ("RoundPoint"), one of the nation's top 15 non-bank mortgage servicing companies, announced that it has completed a $94 million equity private placement of convertible preferred stock.
Weekly Mortgage Market Index Off, Rate-Terms Rise
DALLAS -- (Aug. 20, 2018) The share of prospective borrowers who sought to refinance their existing mortgages jumped to the highest weekly level in five months. What's unusual is that the share of adjustable-rate mortgages also swelled.
Weekly Mortgage Market Index Up, Govt Up Most
DALLAS -- (Aug. 13, 2018) After retreating for three consecutive weeks, new mortgage business turned higher. Government business surged, and government share widened. The jumbo-conforming spread was trimmed.
ARMs Lead Weekly Mortgage Market Index Lower
DALLAS -- (Aug. 6, 2018) As new mortgage business fell last week -- government-insured share sank to the most narrow level since last year, the jumbo-conforming spread thinned, and demand for adjustable-rate mortgages tumbled most.
Seroka to Moderate Marketing Technology Panel at Lenders OneŽ Summer Conference
BROOKFIELD, Wisconsin -- (July 31, 2018) Seroka Brand Development, a certified brand development, digital and strategic communications agency, announced today that John Seroka, Principal and Brand Strategist, will moderate a panel discussion at the Lenders One Summer Conference in Salt Lake City, Utah.
Rate-Term Refis Lead Mortgage Market Index Down
DALLAS -- (July 31, 2018) The mild wave of recent rate-term refinances has retreated to the lowest level in at least nearly a decade -- leading overall new mortgage business lower. Loan share for veterans was the thinnest it's been in 12 months.
Purchases Lead Weekly Mortgage Market Index Up
DALLAS -- (July 16, 2018) 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.
Mortgage Market Index Lowest Since Holidays
DALLAS -- (July 9, 2018) 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.
Rate-Term Refis Sink in Mortgage Market Index Report
DALLAS -- (July 2, 2018) 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.
ARMs Biz Up as Mortgage Market Index Down
DALLAS -- (June 25, 2018) Adjustable-rate mortgage business climbed as ARMs accounted for one-in-five new transactions. But weekly fixed-rate business was lower. The jumbo-conforming spread widened, and government activity sank.
Escalation for Weekly Mortgage Market Index
DALLAS -- (June 18, 2018) Data that provides a peek into potential production came in strong this past week. Refinance business saw an improvement that was double that of purchase-money activity.
Mortgage Business Still Stuck in Holiday Slump
DALLAS -- (June 11, 2018) The mortgage market has failed to recover from the slump in new mortgage business that accompanied the holiday week. But government and purchase business were both better.
ARMs Lead Weekly Mortgage Market Index Down
DALLAS -- (June 4, 2018) An expected slowdown in new mortgage business during the holiday week impacted purchase financing and refinancing equally. The biggest week-over-week drop was with adjustable-rate mortgages.
Mortgage Market Index Up, Purchases at 9-Mth High
DALLAS -- (May 29, 2018) As home purchase financing activity climbed to the highest level in nine months, overall new mortgage business was the best it's been in three months. Government programs were out front of the week-over-week gain.
Conv Leads Drop in Weekly Mortgage Market Index
DALLAS -- (May 21, 2018) A week-over-week decline in new mortgage activity was spearheaded by new conventional lending. The overall decline was contrasted by jumbo business, which recorded a gain.
Convent Leads Weekly Mortgage Market Index Higher
DALLAS -- (May 14, 2018) Weekly mortgage business was higher led by conventional activity. Purchase business was the strongest it's been in eight months. Rate-term refinance share, which at one point in the past six years was nearly two-thirds, fell to a new single-digit low.
Weekly Mortgage Market Index Up Driven By Refis
DALLAS -- (May 7, 2018) A big bounce in refinance business lifted overall new home lending activity. Adjustable-rate mortgage share was the broadest it's been in more than two years. Jumbo product was excluded from the rally.
Refis Drive Down Weekly Mortgage Market Index
DALLAS -- (April 30, 2018) A big decline in weekly mortgage refinance business more than offset a modest gain in home purchase financing activity. The share of rate-term refinances descended to a new record low.
Refis Offset Purchase Drop in Mortgage Market Index
DALLAS -- (April 23, 2018) A week-over-week decline in new purchase-money activity was more than offset by an increase in refinance business. But the year-over-year tumble in purchases more than offset the surge in refinances.
Conventional Leads Rise in Mortgage Market Index
DALLAS -- (April 16, 2018) Conventional activity led a week-over-week increase in new mortgage business. Rate-term refinance share descended to a new record low, while purchase share was the highest it's been in six months.
Record FHA Share in Mortgage Market Index Report
DALLAS -- (April 9, 2018) The share of prospective borrowers seeking loans insured by the Federal Housing Administration was wider than during any week since Mortgage Daily began tracking it, while rate-term refinance share was a record low. Jumbo interest rates deteriorated compared to their conforming counterparts.
Mortgage Market Index Down on Purchase Financing
DALLAS -- (April 02, 2018) Although rate-term share fell to a new low, weekly refinance business was slightly stronger. But slowing purchase-money activity was enough to pull down overall business.
Mortgage Market Index Jumps to 4-Mth High
DALLAS -- (March 26, 2018) A sharp weekly increase in prospective loans to finance a home purchase to the highest level in six months drove new mortgage business to the highest level in more than four months. Conventional business was the best it's been in nine months.
Mortgage Daily 2017 Biggest Lender Ranking
DALLAS -- (March 26, 2018) In the latest ranking of mortgage lenders and servicers, non-bank lenders gave up market share last year as overall mortgage originations turned lower on a quarterly and annual basis.
Mortgage Biz Drops, New Low Rate-Term Refi Share
DALLAS -- (March 19, 2018) A modest weekly drop in new mortgage business was led by adjustable-rate mortgages. Government share widened, as did refinance share thanks to a gain in cashouts that more than offset a record-low rate-term share.
Weekly Mortgage Market Index Down on Refis
DALLAS -- (March 12, 2018) An improvement in weekly purchase-money business wasn't enough to offset a drop in refinances. Meantime, the share of activity for loans to veterans fell to the lowest level in seven months.
Refis Lead Rise in Weekly Mortgage Market Index
DALLAS -- (March 5, 2018) New mortgage activity ascended from the holiday week, and a sudden surge of strength in refinance business was out front of the improvement. Adjustable-rate activity also accelerated.
Refis Lead Weekly Mortgage Market Index Down
DALLAS -- (Feb. 26, 2018) Compared to a year ago, more borrowers locked in rates on their home loans this holiday week. A slowdown in refinance activity continued, with rate-term transaction share at its most narrow point on record. Government business also saw a big decline.
Weekly Mortgage Market Index Up on Purchases
DALLAS -- (Feb. 19, 2018) New purchase-money lending activity accelerated this past week, lifting overall business despite that refinances slowed to the lowest level since last year. Adjustable-rate prospects grew.
Mortgage Market Index Up, Record Cashout Share
DALLAS -- (Feb. 12, 2018) New mortgage activity moved higher last week, and refinances saw the biggest gain. Cashouts accounted for a bigger share of business than during any week on record.
Weekly Mortgage Market Index Up, ARMs Soar
DALLAS -- (Feb. 5, 2018) As mortgage activity increased last week, a surge was recorded for adjustable-rate mortgage business -- which leapt to the highest level in more than three years thanks to rising fixed rates.
Mortgage Market Index Down, Record Cashout Share
DALLAS -- (Jan. 22, 2018) With government activity leading the way, new mortgage business turned lower last week. The proportion of people extracting home equity, meanwhile, widened to its broadest share on record.
Refi Share Balloons in Mortgage Market Index Rpt
DALLAS -- (Jan. 15, 2018) As new mortgage business recovered from a holiday slump, the share of activity that was for refinances reached the widest level in more than three years.
Mortgage Market Index Up, Record Cashout Share
DALLAS -- (Jan. 8, 2018) As rising rates have driven down the share of borrowers seeking rate-term refinances to the lowest level in six months, rising home values have driven the share of borrowers seeking cashout loans to a record high.
Record Low for Weekly Mortgage Market Index
DALLAS -- (Jan. 2, 2018) Mortgage business went out with a whimper in 2017, with new activity during the final week -- which included Christmas -- plunging to the lowest level since tracking began. Jumbo activity has doubled over the past year.