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.
Gov Share Up as Refinance Share Down, Credit Eases
|New Mortgage Business at 8-Month High
Not only has new mortgage business increased for each of the past four weeks, but the pace of activity now stands at the highest level in eight months.
As refinances took up a smaller share of monthly residential loan originations, government share widened, and loan approvals got easier.
Mortgage Apps Up Despite Highest Rates in 3 Years
Although interest rates on residential loans have increased to the highest level in nearly three years, mortgage applications rose with refinances leading the way.
Non-Bank Issuer Growth Strains Ginnie Resources
A watchdog report indicates that the Government National Mortgage Association's resources are being strained by the increase in non-bank issuers.
Partial Victory for Quicken Loans in FHA Lawsuit
|Home Purchase Financing Surges
A sharp week-over-week increase in new purchase financing activity drove overall mortgage business higher this past week. But jumbo activity turned significantly lower.
A federal judge granted Quicken Loans Inc.'s motion to dismiss on a portion of loans in the government's case based on the statute of limitations.
Ginnie Mae MBS Issuance Tumbles to 11-Month Low
It's been almost a year since securitizations at the Government National Mortgage Association were as slow as they were last month.
Gov Programs Lead Easing in Mortgage Credit
For six consecutive months now, home lenders have made it easier to qualify for a mortgage. Government lending requirements led the latest loosening.
Loan Applications for Home Purchases Strong
Residential loan applications completed moved higher in the latest seven-day period, with purchase financing activity maintaining a strengthening pace.