Weekly Mortgage Market Index Jumps, Gov Leads
New mortgage activity turned sharply higher last week. While government-backed programs had the largest gains, rate-term refinance business reached a 10-month high.
Weekly Mortgage Market Index Up from Thanksgiving
DALLAS -- (Dec. 4, 2017) New residential lending activity this past seven days took a big leap from the holiday week. Leading the week-over-week improvement was surging refinance business.
Refis Lead Drop in Weekly Mortgage Market Index
DALLAS -- (Nov. 27, 2017) Compared to the week last year that included Thanksgiving, new mortgage business ascended -- and it was refinances that drove the improvement. But refinances also led a week-over-week reduction in overall activity.
Mortgage Market Index Down, Cashouts at 4-Year High
DALLAS -- (Nov. 20, 2017) Home purchase financing activity tumbled during the week that included Veterans Day, dragging down overall business. But cashout refinance activity was the strongest it's been in over four years.
VA Leads Mortgage Market Index Up for Vets Day
DALLAS -- (Nov. 13, 2017) Mortgage loan originators locked in more loans for veterans than they have during any week in at least 16 months. Government led a week-over-week gain in overall business.
Cashout Share Balloons as Mortgage Market Index Off
DALLAS -- (Nov. 6, 2017) Fewer prospective borrowers locked in rates on mortgages this past week, with locks for loans insured by the Federal Housing Administration slower than any week since early January. But cashout refinance share was widest in at least five years.
Job Gains Down in Q2 Mortgage Employment Index
DALLAS -- (Nov. 6, 2017) The number of people working in the mortgage business moved down on a quarterly basis. Hiring activity has significantly slowed, and the contraction is likely to continue.
Weekly Mortgage Market Index Up, ARM Share Spikes
DALLAS -- (Oct. 30, 2017) New mortgage activity strengthened over the past week, with a widening share of prospective borrowers opting for adjustable rates. But overall business dipped from a year ago.
Rise in Weekly Mortgage Market Index Led by ARMs
DALLAS -- (Oct. 23, 2017) Prospective mortgage origination activity ascended from the holiday week, with adjustable-rate mortgages seeing the strongest gain. Lending activity for veterans climbed to the highest level in over four months.
Mortgage Daily Q2 2017 Biggest Lender Ranking
DALLAS -- (Oct. 23, 2017) Among the 10-biggest mortgage originators, two companies ascended one notch. Credit unions grabbed market share from banks. Among servicers, one firm was bumped off the top-10 list.