Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

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Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% in October.

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Housing Wire

JANUARY 19, 2021

in 2021, an increase of 0.8 contraction. in 2021, with the monthly pace slowing throughout the year. Purchase mortgage originations are expected to rise to $1.8 trillion in 2021, up from the projected $1.6 trillion in 2021, down from a projected all-time high of $2.8 Managing Credit Risk in 2021 and Beyond.

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Housing Wire

JUNE 2, 2021

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. the previous week.

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Housing Wire

MARCH 3, 2021

Mortgage applications recovered slightly from last week , increasing 0.5% 26, 2021 according to the latest report from the Mortgage Bankers Association. The refinance share of mortgage activity decreased to 67.5% The FHA share of total mortgage applications increased to 12.1% for the week ending Feb. from 11.2%

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Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The refinance share of activity of total mortgage applications increased to 64.1% The FHA share of total mortgage applications decreased to 9.5%

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Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

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Housing Wire

JUNE 16, 2021

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. ” Purchase applications were also down 17% from a year ago, the start of the mortgage boom, Kan said. “ U.S. .”

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Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. My housing economic mindset really starts from 1996 as mortgage rates are much lower now than in previous decades. Of course, today is a much different story; our demographics are much better, and mortgage rates are lower.

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Housing Wire

JANUARY 13, 2021

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said.

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Housing Wire

JULY 21, 2021

Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. This, in turn, led to mixed changes in mortgage rates. “That’s the lowest level since January 2021.” from 64.1% the previous week. from 10.3%. from 10.3%.

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Housing Wire

APRIL 28, 2021

Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% decrease in applications in its latest report for the week ending April 23, 2021. The refinance share of mortgage activity increased to 60.6% of total mortgage applications from 60% the previous week.

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Housing Wire

DECEMBER 24, 2020

mortgage rate for a 30-year fixed loan fell one basis point this week to 2.66% – the lowest rate in the Freddie Mac ’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. The average fixed rate for a 15-year mortgage also fell last week to 2.19% from 2.21%.

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Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. trillion in mortgage originations, the MBA forecasts volume to fall 14% this year to $3.28

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Housing Wire

JULY 7, 2021

Mortgage applications decreased again , this time falling 1.8% in the week ending July 2, 2021, according to the latest report from the Mortgage Bankers Association. Those who are filling out purchase mortgage applications are requesting bigger loan amounts, but there are fewer applicants. the previous week. from 10.5%.

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Housing Wire

JUNE 9, 2021

For the third week in a row, mortgage applications decreased. Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. of total mortgage applications from 61.3% the previous week. from 10.9%.

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Housing Wire

MAY 5, 2021

Mortgage applications dropped again , falling 0.9% from the previous week, according to the latest report from the Mortgage Bankers Association for the week ending April 30, 2021. It’s important to note, Kan said, that mortgage application numbers from this time last year reflect challenges brought on by the pandemic.

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Housing Wire

OCTOBER 27, 2021

Mortgage applications increased 0.3% from last week, per the latest report from the Mortgage Bankers Association for the week ending Oct. With two consecutive weeks of mortgage rates over 3%, refinances continued to retreat. The refinance share of mortgage activity decreased to 62.2% the week prior. the week prior.

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Housing Wire

OCTOBER 22, 2020

It’s worth looking inside the numbers though as we head toward year-end and think about 2021 strategies. 2021 is expected to show refinance volume being cut nearly in half by just over $800bb, almost 50% of 2020. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb.

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Housing Wire

FEBRUARY 17, 2021

As mortgage rates come off of their historic lows, mortgage applications dropped for the second week, according to data from the Mortgage Bankers Association. Mortgage applications dropped 5.1% Expectations of faster economic growth and inflation continue to push Treasury yields and mortgage rates higher.

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Housing Wire

MAY 12, 2021

After weeks of decreases , mortgage applications rose 2.1% for the week ending May 7, 2021, according to the most recent report from the Mortgage Bankers Association. Aiding the jump in mortgage applications was another sub-3% week of mortgage rates , which fell officially to 2.96%. from 10.1% the week prior.

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Housing Wire

NOVEMBER 16, 2022

Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7% from 13.3%

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Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If year over year in 2022, to 5.19 million units.

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Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021.

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Housing Wire

JUNE 23, 2021

For the second week in a row, mortgage applications increased — this time, up 2.1% for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. the previous week. from 11.5%.

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Housing Wire

MARCH 24, 2021

Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association. He added that mortgage rates have moved higher in tandem with Treasury yields. That’s coupled with a rise in mortgage rates , too. the previous week. from 10.3%

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Housing Wire

APRIL 21, 2021

After six consecutive weeks of dips , mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. The refinance share of mortgage activity increased to 60% of total applications from 59.2% The FHA share of total mortgage applications increased to 11.3% the previous week. from 12.1%

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Housing Wire

OCTOBER 20, 2021

Mortgage application activity dropped 6.3% 15, according to the latest Mortgage Bankers Association survey. And, as you might have guessed, mortgage rates had a lot to do with it. “The 30-year fixed rate has increased 20 basis points over the past month and reached 3.23% last week – the highest since April 2021.

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Housing Wire

JUNE 30, 2021

After two consecutive weeks of increases, mortgage applications decreased 6.9% in the week ending June 25, 2021, according to the latest report from the Mortgage Bankers Association. Mortgage applications had increased 2.1% of total mortgage applications from 62.5% in the previous two weeks, respectively.

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Housing Wire

MAY 18, 2022

However, the sting of higher mortgage rates is hitting the single-family construction data, and the real story is that the housing completion data, which has been bad for a long time, is still terrible. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

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Housing Wire

JUNE 6, 2024

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. In 2023, Celink renewed subservicing deals with major reverse mortgage lenders including Finance of America and Mutual of Omaha Mortgage.

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Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. The refinance index dropped 5% from the previous week and was 75% lower than the same period in 2021. million in 2021. from 11.3%

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Housing Wire

SEPTEMBER 29, 2021

Mortgage application volume declined by 1.1% 24, after a rebound in the previous week , according to the Mortgage Bankers Association (MBA). The purchase index shrank 1.9%, and the refi index contracted 0.9%. Treasury bonds and mortgage-backed securities – when progress is made in the labor market. from 10.4%

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Housing Wire

FEBRUARY 8, 2025

Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs , and the leadership of the Treasury , mortgage rates remained calm. Better mortgage spreads are limiting how high rates can rise in 2025. Mortgage spreads refer to the difference between the 10-year yield and the 30-year mortgage rate.

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Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

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Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan. district court in Michigan.

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Housing Wire

FEBRUARY 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 Department of Agriculture fell by.1%,

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