Biggest Mortgage Lenders, Servicers
As quarterly mortgage lending activity made a big leap, two large financial institutions traded spots on the list of the country's largest originators.
Mortgage Credit Tightens as Closing Rate Rises
As the monthly closing rate of new mortgage applications improved, lenders were more restrictive about who was approved for a loan.
Mortgage Application Activity Diminishes
After adjusting for the prior week's holiday, the volume of new applications from prospective home-loan borrowers declined from one week earlier.
GSE Refinances Fall, HARP Plunges
Government-sponsored enterprise refinances have tumbled on a year-over-year basis, with volume from the government's program sinking.
Projected Q3 Mortgage Lending Most in Nearly 4 Yrs
Driven by purchase financing, residential loan originations during the current quarter are forecasted to be the most of any quarter in nearly four years.
Retail HECM Endorsements Down More Than Wholesale
Although monthly originations of government-insured reverse mortgages were off less than 5 percent at wholesalers, retailers experienced a more than 7 percent drop.
Fannie Raises Refi Forecast, Cuts Purchase
A reduction in expected purchase financing this year and next year from Fannie Mae was more than offset by an improved forecast for refinances.
FHA Endorsements Maintain, Delinquency Up Again
Monthly production of mortgages that are insured by the government mostly held up but is likely to move lower. Residential delinquency worsened for the fourth consecutive month.