Mortgage Closing Rate Improves
A bigger share of home loan applications closed last month -- especially compared to a year ago. Purchase and conventional loans had the best closing rate.
Current Conditions Hurt Home Builder Confidence
With current sales conditions weakening, home builders are feeling less optimistic in the first month of the new year about new construction.
Freddie Drives GSE Refinances to 3-Year High
Refinances of Federal Home Loan Mortgage Corp. loans drove overall government-sponsored enterprise volume to the highest level in three years.
1st Mtg Delinquency Up, 2nd Mtg Rate Tumbles
Declining Mortgage Rates to Hold
Despite a small month-over-month up tick in the rate of serious delinquency on first mortgages, loan performance on junior liens was much improved.
Pricing on residential financing products was better this past week, and all of the latest indications are that they will be similar in the next rate report.
Record Annual MBS Issuance, Outstandings at Ginnie
Annual loan securitizations ascended to an all-time high last year at the Government National Mortgage Association, as did the company's book of business.
HEL, HELOC Delinquency Improve
The quarterly rate of delinquency on home-equity loans that are owned by banks tumbled. Also dropping was the rate on home-secured credit lines.
Home Repossessions Nearing Pre-Crisis Pace
The monthly rate of real-estate-owned filings has fallen to a level that is very near the pace of completed foreclosures prior to the housing crisis.
HAMP Tab Reaches $23 Billion
Government funds used to pay for the Home Affordable Modification Program have reached nearly $23 billion as the program neared its sunset.