Bank-Owned Mortgage Delinquency Declines
The non-current rate on consumer mortgages owned by banks fell from the end of last year. The improvement came despite an increase in foreclosures initiated and completed.
Drop in 1st Mortgage Delinquency
Even though first-mortgage delinquency stands higher than it did a year ago, residential loan servicers made gains on a month-over-month basis.
New and Completed Construction Up, Permits Down
Home builders started and completed construction on housing units last month at an improved rate. But housing permit activity slowed and could weaken further due to tariffs.
Q3 Refi Outlook Raised
A modest boost to the expected volume of third-quarter refinance production has a small bump being made to the overall annual origination outlook.
Heavy Lumber Costs Weigh Down Builder Confidence
After making a lackluster comeback last month and led by the South, home builders grew less confident this month. Hurting conditions are recent Trump administration tariffs on Canadian lumber.
2 of Top 5 Latino LOs At Guild Mortgage
The latest list of the nation's top-producing Latino mortgage originators is out, and two of the five-biggest producers are loan officers at Guild Mortgage Co.
Ginnie Issuance Up But Jumbo Down, HMBS Plunges
|Weekly Mortgage Business Increases|
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.
While overall securitizations on behalf of the Government National Mortgage Association, made a monthly move up, jumbo issuance declined and reverse mortgage issuance sank.
CMBS Performance Improvement Best Among CRE Types
Securitized mortgages saw the largest quarterly decrease in delinquency among a variety of investor types for commercial real estate loans.
Mortgage Rates Jump, Could Ease Next Week
Interest rates on single-family loans turned sharply higher this past week as the Federal Reserve raised rates. But at least one forecast has a slight dip in the week ahead.