The servicing on more than $3.5 billion in Government National Mortgage Association loans are being auctioned off to the highest bidder. There is a modest concentration in the Lone Star State. The offering is for mortgage servicing rights on 21,356 Ginnie Mae...
Mortgage rates were little changed this past week, and one short-term outlook has them staying put for the next week. Another forecast has quarterly rates not changing at all next year. Single-family loans closed during June had a 30-year note rate of 4.90 percent....
As refinance share fell to a new low last month, more loans in process closed. Turnaround lengthened by a day, and government-insured share fell over the past year as conventional share rose. Conventional mortgages accounted for exactly two-thirds of all single-family...
Quarterly home-lending volume moved up at U.S. Bancorp and appears to be headed even higher. As corporate income rose, mortgage earnings were lower. The mortgage servicing portfolio contracted. The Minneapolis-based financial institution’s second-quarter...
Midwest and multifamily properties led a country-wide decline in new housing permits and new home construction. The West, meanwhile, kept the pace of completed construction from slowing nationally. June saw 119,800 housing units authorized in permit-issuing places,...
