Fewer Monthly Consumer Bankruptcies
Last month, there were fewer consumers that resorted to bankruptcy -- with new case activity slowing both on a month-over-month and year-over-year basis.
Monthly HECM Production Slips
Last month was a little slower both on a month-over-month and year-over-year basis for originators of federally insured reverse mortgages.
CMBS Delinquency Inches Up Again
For two consecutive months now, the rate of late payments on securitized commercial real estate loans deteriorated from a month earlier.
6-Year High for MTA
More than six years have elapsed since the Monthly Treasury Average has been this high even as a more widely utilized index has retreated.
Ginnie Leads Rise in Agency MBS Issuance
A jump in mortgage securitizations at the Government National Mortgage Association led a month-over-month improvement in overall agency issuance last month.
Another Increase for COFI
For the fourth consecutive month, the Cost of Funds Index has risen over the previous month. Another index, though, has been falling.
Fannie's New Business at 5-Month High
Business rose to the highest level in five months at the Federal National Mortgage Association, while delinquency fell to a nearly eight-year low.
Sharp Seasonal Decline in CRE Lending
|New Mortgage Refinance Business Plunges
New refinance business took a dive this past week, driving down overall new mortgage activity in the process. Adjustable-rate mortgage activity ascended, though.
Commercial real estate loan production took a sharp turn lower during the first-three months of this year -- though the decline was seasonal.
Mortgage Rates Could Reverse Rise
Long-term fixed rates on residential loans turned sharply higher this past week. But indications are that all of the increase could be reversed in the next rate report.
Pending Home Sales Highest in 10 Months
The number of existing U.S. homes that are under contract climbed to the highest level in 10 months, and the Northeast led the gain.