Purchase Financing Holds as Mortgage Market Index Retreats
DALLAS -- (May 20, 2013) Although overall new mortgage activity was slower last week, purchase financing was up, albeit only slightly. Adjustable-rate mortgage activity also ticked higher.
A 7 percent decrease from the previous week left the U.S. Mortgage Market Index from LoanSifter and Mortgage Daily for the week ended May 17 at 256. The index, which is based on average pricing inquiries per LoanSifter user, was up 9 percent from the same week in 2012.
The year-earlier data was revised to reflect a change in data providers earlier this year.
Decline in Weekly Mortgage Market Index Led by Refis, ARMs
DALLAS -- (May 13, 2013) Loan originators were a little less busy last week as interest rates moved higher. The hardest-hit categories were adjustable-rate mortgages and refinances.
Biggest Mortgage Lenders in Q1
DALLAS -- (May 13, 2013) /PRNewswire/ Mortgage originations were off from the fourth quarter, but several players still managed to increase business. The second-quarter forecast calls for stronger production. Although the three-biggest mortgage servicers reduced their servicing portfolios, a trio of rising stars each added more than $100 billion to their portfolios.
Weekly Mortgage Market Index Ascends
DALLAS -- (May 6, 2013) As mortgage rates moved lower, new mortgage activity moved higher, according to the U.S. Mortgage Market Index from LoanSifter and Mortgage Daily.
Weekly Mortgage Market Index Slips Despite Lower Rates
DALLAS -- (April 29, 2013) Mortgage rates improved last week, but that wasn't enough to stimulate new mortgage business. The biggest drag on new business were jumbo mortgages and government-insured loans.
Weekly Mortgage Market Index Slips
DALLAS -- (April 22, 2013) Despite a drop in interest rates last week, new mortgage activity slowed. Leading the decline were government-insured loans and refinances.
Mortgage Casualties On Track for 7-Year Low
DALLAS -- (April 15, 2013) /PRNewswire/ This year is on track to see the fewest number of mortgage-related casualties in seven years. First-quarter bank failures were the slowest of any quarter since before the financial crisis. But quarterly credit union casualties exceeded bank failures and climbed to the highest level in a year.
Weekly Mortgage Market Index Slips Led by FHA
DALLAS -- (April 15, 2013) Pricing inquiries for prospective borrowers were off slightly this week, with government-insured activity leading the decline. But jumbo business was stronger.
LoanSifter to Power Mortgage Market Index
DALLAS -- (April 15, 2013) Mortgage Daily, a leading online news publication for the mortgage industry, and LoanSifter, the leading provider of product eligibility and pricing solutions for the mortgage banking industry, have agreed to an alliance where LoanSifter data will be utilized to power the Mortgage Market Index.
Rise in Weekly Mortgage Market Index Led by Jumbo
DALLAS -- (April 8, 2013) Mortgage rates eased last week, prompting a surge in refinance and jumbo activity. But government-insured business was lower.