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CMBS Originations Lead CRE Lending Up From Q1
Commercial real estate loans originated for securitization soared from the prior quarter, while government-sponsored CRE financing activities had...
Mortgage Delinquency Holds, Miami's Rate Plunges
Serious delinquency on first mortgages was little changed last month, as has been the case for a half-decade. In Miami, serious consumer...
Mortgage Bankers Cut 3-Yr Purchase Forecast
A $65 billion reduction has been made to the three-year outlook for the origination of loans to finance the acquisition of residential properties....
5-Month High for Weekly Rate-Term Refis
The share of prospective borrowers who sought to refinance their existing mortgages jumped to the highest weekly level in five months. What's...
Hirings Planned for CoreLogic's Appraisal Unit
CoreLogic Inc. held a ribbon-cutting ceremony this week in Oklahoma City to tout its new presence in the state. Hirings are planned for the...
Drop In Mortgage Rates Likely to Hold
Interest rates on home loans tumbled over the past week, and they are likely to remain there over the next week. A report on monthly closings had...
Builder Confidence Sinks to Nearly 1-Yr Low
As buyer traffic weakened, home builders grew more pessimistic about the new home market. Many continue to worry about the impact from decreasing...
Capital One Cuts 100s of Texas Mortgage Jobs
Hundreds of mortgage employees in North Texas are being laid off by Capital One Financial Corp. The job cuts come less than a year after over 700...
Fixed and ARM Mortgage Rates Rise
Across the board, interest rates on residential loans moved higher this past week. Also rising were indices on adjustable-rate mortgages.Freddie...
Acquisition of Nationstar Completed
The previously announced acquisition of Nationstar Mortgage Holdings Inc. by the former parent of failed Washington Mutual Bank has been completed...
Mortgage Applications Fall, Purchases Most
Weekly purchase-money loan applications were affected more than refinances from a week-over-week drop in mortgage applications. Government share...
Short Supply Continues to Drive Up Home Prices
There is no stopping U.S. home prices from rising thanks to ongoing housing supply shortages. Gains in San Francisco and Las Vegas are beginning to...
Northeast Leads Rise in Pending Home Sales
After two months of weakening activity, more single-family properties went under contract than a month earlier-- though supply continues to be an...
Rate-Term Refinances Lowest in Nearly Decade
The mild wave of recent rate-term refinances has retreated to the lowest level in at least nearly a decade-- leading overall new mortgage business...
Mobile Usages Diminishes In Mortgage Servicing
After deteriorating last year, borrowers' satisfaction with mortgage servicers was no better this year. One interesting observation was that mobile...
Mortgage Rates Rise, Could Climb More
Mortgage rates inched up this past week and could extend the increase in next week's report. One longer-term forecast has the escalation continuing...
Bump in Refinance Apps Offset By Dip in Purchases
A modest weekly up tick in applications for loans to refinance an existing mortgage was more than offset by a dip in applications for purchase...
Freddie Slashes 3-Yr Mortgage Origination Outlook
Between last year, this year and next year-- economists at the Federal Home Loan Mortgage Corp. have slashed their estimate of industry-wide...
Mortgage Biz Slips, Purchases Down Most
New mortgage activity slowed down this week, and purchase financing took the biggest hit. At the other end of the spectrum were refinances, which...
Stabilization in Mortgage Rates Could Continue
Mortgage rates were little changed this past week, and one short-term outlook has them staying put for the next week. Another forecast has...
Mortgage Applications Pulled Down by Purchases
A week-over-week drop in new mortgage applications was fueled by a decline in purchase-money applications as refinance activity ascended. The jumbo...
Home Builder Confidence Holds, Buyer Traffic Up
Despite an improvement in buyer traffic for new residential properties, a decline in the outlook for the rest of this year kept home builder...
1st Mortgage 90-Day Rate Down 3 Mths in Row
Last month's rate of serious mortgage delinquency moved lower and has shown improvement now for three consecutive months. Miami's drop was biggest...
Purchases Lead Weekly Mortgage Business Up
New mortgage activity picked up from the holiday week, with home-purchase financing leading the way. But the cashout share of business diminished...
Escalation Reported for Mortgage Rates
The short-term report is that interest rates on residential loans turned higher this past week. The medium-term outlook is for more of the same.For...
Purchase Surge Overcomes Mortgage Refi App Decline
Even though refinance business slowed to the lowest level since the turn of the century, a surge in loan applications for purchase financing drove...
Mortgage Bankers Cut 3-Yr Purchase Forecast
U.S. mortgage bankers have lowered their three-year housing forecast for purchase-money loan originations by more than $80 billion.For the three...
Jumbo Lending Lots Looser as Lenders Fight for Biz
Residential lenders relaxed credit requirements last month to the most flexible level since January. Driving the improvement were ambitious lenders...
Mortgage Biz in July 4 Week Lowest Since Holidays
As Americans celebrated the 242nd birthday of the United States, new mortgage business sank to the lowest level since the holidays. Adjustable-rate...
Another RMBS Settlement for RBS
Another settlement has been reached by the Royal Bank of Scotland over its handling of the sale of residential mortgage-backed securities. RBS has...