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.
Purchase Biz Sinks as Mortgage Market Index Down
DALLAS -- (Oct. 16, 2017) As new mortgage activity softened during the holiday week, weekly purchase-money business sank to the lowest level since January. Government share has significantly widened over the past year.
Weekly Mortgage Market Index Up, Led By Government
DALLAS -- (Oct. 9, 2017) Government activity led an increase in new weekly mortgage business. Excluded from the rally, though, were jumbo and adjustable-rate mortgages.
Government Leads Weekly Mortgage Market Index Down
DALLAS -- (Oct. 2, 2017) Weekly mortgage activity was down on a week over week basis, and it was government business that was out front of the slowing.