Refis Push Up 2018 Mortgage Lending Outlook
A reduction in forecasted purchase financing this year was more than offset by an increase in expected refinances. But next year's boosted refinance outlook wasn't enough to cover the purchase cuts.
FHA Chief Confirmed by Senate
For the second time under a different administration, Brian D. Montgomery has been confirmed as the chief of the Federal Housing Administration.
Refi App Volume Near Lowest of Millennium
As mortgage applications retreated this past week, refinance business slowed to the lowest level since nearly the turn of the century. Veterans share was the thinnest since at least last year.
HECM Changes Drive New Proprietary Programs
Mortgage Rates Climb to 7-Yr High, To Rise Further
Changes to requirements for home-equity conversion mortgages have driven reverse mortgage lenders to develop new proprietary programs.
Long-term rates on residential loans climbed to the highest level in seven years. More of the same could be in store for the week ahead. Veterans loans had the lowest rates.
MSRs Offered on Nearly $2 Billion in Ginnie Loans
A new offering has mortgage-servicing rights on nearly $2 billion in Ginnie Mae loans up for sale. The loans have a Texas-Oklahoma concentration.
Refi Share Deflates as Rates Inflate
As mortgage rates pushed higher, monthly refinance share continued to deflate. Compared to a year ago, conventional share grew at the expense of government share.
Mortgage Lates Down as Hurricanes' Impact Eases
With the peak impact of last year's hurricanes finally subsiding, the performance of U.S. mortgages improved. Government-insured performance improved more than it ever has.
Mortgage Refi Applications at Decade Low
It has been nearly a decade since the weekly volume of applications to refinance an existing mortgage was this low. Overall applications slowed, government share reached a four-week high and the jumbo-conforming spread thinned.