Mortgage Industry News
Mortgage Application Activity Takes a 0.6% Uptick
Among the federal programs, the FHA share of total applications increased to 19.4% from 18.5% the week prior. Continue Reading Mortgage Application Activity Takes a 0.6% Uptick
Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
One of the unnamed sources in Politico’s coverage complained that Pulte “sold POTUS a bill of goods that wasn’t necessarily accurate.” Continue Reading Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
Mortgage Application Activity Drops by 1.2%
The FHA share of total applications increased to 19.9% from 19.1% the week prior. Continue Reading Mortgage Application Activity Drops by 1.2%
PennyMac Correspondent Group to Launch Non-QM Products
Pennymac intends to retain servicing on all non-QM products. Continue Reading PennyMac Correspondent Group to Launch Non-QM Products
Mortgage Originations Up 19% During Q2
A total of 689,217 refinance loans were issued in the second quarter, up 16.4% from the prior quarter. Continue Reading Mortgage Originations Up 19% During Q2
FHA Seeks Input on Proposed HECM Program Update
The new proposal would enable certain categories of due and payable HECMs that were previously ineligible for assignment to be assigned to HUD. Continue Reading FHA Seeks Input on Proposed HECM Program Update
Mortgage Delinquency Rate Records Q3 Uptick
The third quarter delinquency rate was up 25 basis points from the second quarter and up 17 basis points from one year earlier. Continue Reading Mortgage Delinquency Rate Records Q3 Uptick
Mortgage Rates Go Into a Slump
Freddie Mac’s Sam Khater said the 30-year fixed-rate mortgage recorded “the largest one-week decrease since last November.” Continue Reading Mortgage Rates Go Into a Slump
TransUnion: Q3 Mortgage Balances Up Slightly While Originations Sink
After recording a slight decline in the second quarter, mortgage balances increased to $11.8 trillion in the third quarter. Continue Reading TransUnion: Q3 Mortgage Balances Up Slightly While Originations Sink
Infosys and Better Team on Mortgage as a Service Offering
According to the companies, companies that adopt MaaS “can revolutionize their mortgage operations.” Continue Reading Infosys and Better Team on Mortgage as a Service Offering
Mortgage Application Activity Takes an Uptick
The seasonally adjusted Purchase Index increased 3% from one week earlier. Continue Reading Mortgage Application Activity Takes an Uptick
New Campaign Seeks to Raise Awareness of VA Loan Program
Recent data found only three in 10 veterans knew they could buy a home with a zero-down payment with the VA loan program. Continue Reading New Campaign Seeks to Raise Awareness of VA Loan Program
FHA Extends Foreclosure Moratorium in Maui County
The moratorium was originally set to expire on Nov. 8. Continue Reading FHA Extends Foreclosure Moratorium in Maui County
Mortgage Rates Hold Steady
“The 30-year fixed-rate mortgage paused its multi-week climb but continues to hover under 8%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Hold Steady
FHA Proposes Policy Updates to HECM Program
The updates seek to “streamline certain requirements and reduce operational challenges associated with servicing a HECM portfolio.” Continue Reading FHA Proposes Policy Updates to HECM Program
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