Rates Hurt Spring Purchase Financing Outlook
Rising interest rates on residential loans have senior mortgage banking executives less optimistic about spring home purchase financing than a year ago.
Mortgage App Risk Rises, ARMs Could Drive Higher
|New Mortgage Activity Slows
With jumbo loans and adjustable-rate mortgages leading the way, new business retreated on a week-over-week basis. But activity moved higher from a year ago.
The level of risk on overall applications for residential loans moved higher for the third consecutive month and could rise even further as adjustable-rate share rises.
Mortgage Business Acquisitions Negotiated, Done
Recently announced mortgage-related mergers and acquisitions include a deal with alleged conflicts of interest. A new report highlights factors that will maximize value for sellers.
Biggest Commercial Mortgage Originators
The results have arrived for the ranking of the country's 10 largest originators of commercial real estate loans during all of last year.
FHA Share of Mortgage Apps Down 3 Weeks in Row
As weekly mortgage applications dropped off, the share of activity that was represented by government insured loans thinned for the third consecutive week.
Secondary Gains Hurt Mortgage Production Income
Earnings at independent mortgage banking firms plummeted more than 50 basis points on a quarter-over-quarter basis. Secondary marketing gains and expenses hurt income.
Q4 Mortgage Credit Risk Low
It's been 16 years since the quality of residential loans originated has been as low as it was in the fourth-quarter 2016. But higher risk is likely ahead.
Finance of America Funds Over $18 Billion in 2016
More than $18 billion was originated in 2016 by Finance of America Holdings LLC. The mortgage servicing portfolio exceeded $4 billion as of year end.