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Last Updated March 16, 2018 4:37 PM Central

Refi Share Wider Despite Record Low Rate-Term
A modest weekly drop in new mortgage business was led by adjustable-rate mortgages. Government share widened, as did refinance share thanks to a gain in cashouts that more than offset a record-low rate-term share.
Mortgage biz off, gov share broader
Mortgage Applications Up on Purchase-Money Surge
A weekly decline in refinance mortgage applications was more than offset by a surge in purchase-money activity. Government share widened. The jumbo-conforming spread, meantime, ballooned.

Refinances Restrain Weekly Mortgage Activity
An improvement in weekly purchase-money business wasn't enough to offset a drop in refinances. Meantime, the share of activity for loans to veterans fell to the lowest level in seven months.
Purchases rise, VA share lowest in 7 months
Weekly Mortgage Rates Climb to 4-Year High
Monthly mortgage rates climbed to the highest level in two years, while the weekly average was the highest it's been in more than four years.

Home Lenders More Restrictive Last Month
The ability for prospective borrowers to qualify for a single-family loan was more elusive last month, and jumbo credit tightening led the contraction. Credit conditions for government programs will little changed.

Refis Nudge Mortgage Applications Higher
A slight up tick in weekly mortgage applications was driven by increased refinance activity. Meanwhile, veterans' share of applications was thinner than it's been in four months.

HUD Selling Vacant Property Loans
More than $100 million in formerly government-insured mortgages secured by the vacant properties of deceased borrowers are being auctioned.

Refi Surge Leads Mortgage Business Higher
New mortgage activity ascended from the holiday week, and a sudden surge of strength in refinance business was out front of the improvement. Adjustable-rate activity also accelerated. Government business rose even as government share thinned.

ARM activity improves
Reverse Mortgage Volume Eases Off 7-Yr High
Government-insured reverse mortgage production decelerated last month after achieving a nearly seven-year high. Changes to premiums are behind the see-saw activity.

Former Head of Mortgage Firm Faces Possible Prison
The former head of a mortgage banking firm who previously admitted criminal conduct and avoided incarceration might now face prison time because of unpaid restitution.

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