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News 23 hours ago
Mortgage Rates Higher Again, To Continue Rising

The latest reading on mortgage rates is that they continued deteriorating on both a weekly and monthly basis. Short- and long-term forecasts have...

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News 2 days ago
Home Builder Confidence Slips But Still Strong

Optimism among the nation's home builders slipped in the first month of the new year as buyer traffic wained. Sill, the sector remains very...

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News 2 days ago
Weekly Mortgage Applications Climb

A nice improvement in mortgage applications was recorded from the week that included New Year's. The gain came even as interest rates reached a 10...

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News 3 days ago
2nd Mtg Delinquency Soars, 1st Mtg Rate Steady

The rate of serious delinquency on first mortgages inched higher but has remained stable for two years. The second-mortgage rate, however, has...

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News 6 days ago
Refi Share Widest Since June 2014

As new mortgage business recovered from a holiday slump, the share of activity that was for refinances reached the widest level in more than three...

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News 1 week ago
PennyMac Opens Broker Channel; New #1 Wholesaler?

Following months of waiting, mortgage brokers can now add PennyMac Financial Services Inc. to their roster of wholesalers. With its entry, the fast...

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News 1 week ago
Mortgage Rates Rise, More Increases Ahead

Weekly rates on single-family loans moved higher, and it was a similar story for monthly rates. Forecasts call for further ascension in the...

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News 1 week ago
Fed Economists Suggest Rapid Mortgage Paydown Plan

Alternatives to the current long-term process of paying down a mortgage include one proposed by a pair of economists at the Federal Reserve Board...

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News 1 week ago
New Years Surge in Mortgage Applications

Prospective borrowers completed more mortgage applications in the week that included New Year's than in the week that included Christmas....

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News 1 week ago
Mortgage Credit Tightens to 5-Month Low

After easing to the loosest levels since the financial crisis, credit conditions in real estate finance contracted to the tightest level in five...

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News 1 week ago
Record Cashout Share as Mortgage Business Rises

As rising rates have driven down the share of borrowers seeking rate-term refinances to the lowest level in six months, rising home values have...

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News 2 weeks ago
Weekly Mortgage Rates Retreat

Several macroeconomic factors have impacted, and will continue to impact, mortgage rates. Most recently, rates turned lower ahead of the jobs...

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News 2 weeks ago
Final Week of 2017 Slow for Mortgage Applications

Even after accounting for seasonal factors, fewer prospective borrowers applied for a mortgage in the final week of last year. Applications for...

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News 2 weeks ago
Record Low for Weekly Mortgage Market Index

Mortgage business went out with a whimper in 2017, with new activity during the final week-- which included Christmas-- plunging to the lowest...

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News 3 weeks ago
6-Year High for Hybrid ARMs

Mortgage rates moved higher this past week and month. It has been more than six years since rates on hybrid adjustable-rate mortgages have been as...

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News 3 weeks ago
Mortgage App Defects Elevated from Year Ago

Defects in single-family loan applications remain substantially higher than one year ago. But defects have more recently stabilized and are likely...

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News 3 weeks ago
Continuing Gains in Home Price Indices

Multiple home price indices indicate that monthly values continued to rise in October. The strongest increases are no longer limited to the West....

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News 4 weeks ago
ARM, Cashout Share Continue to Widen

While weekly new mortgage activity turned lower ahead of Christmas, there was a year-over-year gain. The share of prospective borrowers extracting...

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News 4 weeks ago
Rise In Mortgage Rates Could Continue

Interest rates increased last month and were also higher this week. Short-term and long-term predictions have further rate increases ahead.At 4.24...

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News 1 month ago
Mortgage Apps Drop But Refi Share Widest in 1 Year

With applications for loans to finance a home purchase leading the way, weekly mortgage application activity moved lower. Refinance share, though,...

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News 1 month ago
Mortgage Credit Risk Dips from Prior Quarter

On a quarter-over-quarter basis, mortgage lenders have reduced the amount of risk they took. But there was an increase from a year earlier as...

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News 1 month ago
Serious 2nd Mortgage Delinquency Soars

A modest improvement was reported for the rate of serious delinquency on first mortgages. But the rate took an ugly turn on second mortgages.The...

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News 1 month ago
Upcoming Holidays Eat Into Weekly Mortgage Biz

As the heart of the holiday season approaches, new mortgage business is beginning to erode. Government activity was most impacted by the...

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News 1 month ago
Mortgage Brokers Operated AMC to Influence Values

The owners of a Chicago-area mortgage brokerage are accused of operating an appraisal management company in order to influence appraised values on...

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News 1 month ago
Mortgage Rates Hold Despite Fed Move, Could Drop

Despite a broadly expected rate increase from the Federal Reserve Board's Federal Open Market Committee, fixed mortgage rates were little changed....

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News 1 month ago
Mortgage Apps Drop, Refi Share at Nearly 1-yr High

Even though a decline was recorded for weekly mortgage applications, the share that were for refinances was the widest it's been in nearly a year....

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News 1 month ago
Weekly Mortgage Business Strengthens, Gov Leads

New mortgage activity turned sharply higher last week. While government-backed programs had the largest gains, rate-term refinance business reached...

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News 1 month ago
Trump Denies Reports of Going Easy on Wells Fargo

The president is firing back at reports his administration will drop fines and penalties against Wells Fargo & Co., suggesting they could even be...

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News 1 month ago
New Post-Crisis High for Mortgage Credit Conditions

Home lenders were more flexible with loan approvals last month than at any time since the financial crisis. Jumbo conditions eased most as investor...

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News 1 month ago
Mortgage Apps Accelerate, Refi Share at 3-Mth High

Mortgage applications took off this past week, with refinances leading the way. As refinance share widened to a nearly three-month high, adjustable...

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