Mergers Outpace Failures in Mortgage Graveyard
DALLAS -- (April 14, 2014) /PRNewswire/ Although the number of mortgage-related casualties has significantly declined this past year, wholesale lenders are disappearing at a brisk pace. Meanwhile, mortgage mergers are on the rise.
Weekly Mortgage Market Index Rises as Jumbo Rates Sink
DALLAS -- (April 14, 2014) An overall improvement in mortgage rates had refinance inquiries surging more than 20 percent. But the bigger news was that interest rates on jumbo mortgages were less than conforming rates.
Jumbo Biz Up as Weekly Mortgage Market Index Slips
DALLAS -- (April 7, 2014) The difference between interest rates on conforming loans and jumbo mortgages evaporated, helping jumbo activity avoid the broad-based decline that hit overall weekly business.
FHA Business Slips in Mortgage Market Index Report
DALLAS -- (March 31, 2014) With refinance activity having subsided, the overall level of new mortgage business has been fairly consistent. Government activity fared worst this past week, while the conventional category had the biggest gain.
FHA Inquiries Rise in Weekly Mortgage Market Index
DALLAS -- (March 24, 2014) New mortgage business was relatively flat last week despite an improvement in government-insured activity. Also moving higher were purchase financing inquiries and jumbo business.
Mortgage Employment Index Declines Most in 6 Years
DALLAS -- (March 24, 2014) Mortgage-related job losses continued to mount, reaching the highest level in six years. But layoffs are quickly slowing.
Purchases Lead Gain in Weekly Mortgage Market Index
DALLAS -- (March 17, 2014) For the third week in a row, new mortgage activity has moved higher. Purchase financing activity led the weekly increase.
Jumbos Lead Weekly Rise in Mortgage Market Index
DALLAS -- (March 10, 2014) There was little change in new mortgage activity as rates remained near their week-earlier levels. Jumbo business, however, accelerated.
Biggest Mortgage Lenders in 2013
DALLAS -- (March 10, 2014) The largest mortgage lender last year did more than twice as much new business as the next biggest player. In the final three months of 2013, almost all mortgage bankers saw a sharp drop in originations.
ARMs Lead Weekly Mortgage Business Higher
DALLAS -- (March 3, 2014) Loan originators were busier coming out of the holiday week helped, in part, by better interest rates. Adjustable-rate activity led the charge.