Monthly residential government-insured mortgage production was nudged up, though commercial real estate endorsements plunged. The book of business continued to grow. At the end of August, the Federal Housing Administration had insurance in force on 8,622,052...
The latest housing forecast from Fannie Mae has this year’s mortgage originations coming in $35 billion less than previously expected, while next year’s outlook was cut by $61 billion. Economists at the secondary mortgage lender expect home lending by all...
Thirty-year mortgage rates moved lower this past week and this past month. Short- and long-term forecasts have little movement ahead for mortgage rates. Ellie Mae Inc.’s Origination Insight Report | September 2018 indicated that average 30-year note rates on...
After plunging to the weakest level in at least seven years, government-sponsored enterprise refinance volume bounced up to the second-slowest month during the period. HARP production fell to a new low. In August, there were 90,506 single-family loans backed by the...
When KeyCorp bought First Niagara Financial Group, Key was eager to capitalize on First Niagara’s residential mortgage business. KeyCorp has extended that business line — which is locally based — across its own, much larger footprint, with nearly 300...
