http://www.mortgagedaily.com?spcode=rss Mortgage Industry News for the Mortgage Industry Tue. 18 Jun 2013 22:13 GMT en-us http://www.mortgagedaily.com/Delinquency061813LP.asp?spcode=rss http://www.mortgagedaily.com/Delinquency061813LP.asp?spcode=rss Tue. 18 Jun 2013 22:13 GMT
The 90-day delinquency rate on first mortgages as of May 31 was unchanged from a month earlier. Still, the 90-day rate stands at a post-recession low.

A substantial improvement has been made since the same month last year, with the serious delinquency rate having retreated by 19 basis points from May 2012.

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]]> http://www.mortgagedaily.com/Outlook061813LP.asp?spcode=rss http://www.mortgagedaily.com/Outlook061813LP.asp?spcode=rss Tue. 18 Jun 2013 21:49 GMT
Last month's outlook had total residential originations by all U.S. lenders at $1.080 trillion for the second half of last year.

Now that estimated total has been revised up to $1.140 trillion thanks mostly to an upward revision to estimated refinance originations.

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]]> http://www.mortgagedaily.com/QmHearing061813LP.asp?spcode=rss http://www.mortgagedaily.com/QmHearing061813LP.asp?spcode=rss Tue. 18 Jun 2013 17:56 GMT
On Tuesday, the House Committee on Financial Services is holding the hearing, Examining How the Dodd-Frank Act Hampers Home Ownership.

The hearing continues a subcommittee study of the impact of the Ability-to-Repay and Qualified Mortgage rule issued in January by the Consumer Financial Protection Bureau. The first subcommittee hearing was held in May.

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]]> http://www.mortgagedaily.com/HecmTestimony061813LP.asp?spcode=rss http://www.mortgagedaily.com/HecmTestimony061813LP.asp?spcode=rss Tue. 18 Jun 2013 16:26 GMT
The testimony is being given at a hearing Tuesday on home-equity conversion mortgages held by the Senate Committee on Bank Housing & Urban Affairs.

Witnesses at the hearing, Long Term Sustainability for Reverse Mortgages: HECM's Impact on the Mutual Mortgage Insurance Fund, are talking about proposed changes to the HECM program that would improve the financial stability of the program while increasing protections for consumers.

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]]> http://www.mortgagedaily.com/CrmPurchase061813LP.asp?spcode=rss http://www.mortgagedaily.com/CrmPurchase061813LP.asp?spcode=rss Tue. 18 Jun 2013 14:39 GMT
Mortgage rates have been on the rise, with 30-year fixed rates nearly reaching 4 percent in Freddie Mac's rate survey last week after falling to a record-low 3.31 percent in November.

Refinance share had been around three-fourths in the first quarter of this year. But industry forecasts have refinance share plunging -- with the Mortgage Bankers Association predicting a 44 percent fourth-quarter refinance share, Fannie Mae projecting a 49 percent share, and Freddie Mac being most optimistic at 60 percent.

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