Private-label
Mortgage Application Volume Continues Decline
By admin | |

Posted To: MND NewsWire

The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a seasonally adjusted basis. It was the largest single week decline since the week ended April 3, 2020. On an unadjusted basis the index was down 10.0 percent. The Refinancing Index decreased 11 percent from the previous week but was still 50 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 68.5 percent of total applications from 69.3 percent the previous week. The seasonally adjusted Purchase Index dropped 12 percent and was 8 percent lower before adjustment. Activity was 7 percent...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Forbearances drop as extensions provide a ‘smooth transition’
By admin | |
Independent mortgage banker recovery drove the weekly decrease in forbearance share, according to the Mortgage Bankers Association.
Forbearances rise with ‘likely limited’ recovery ahead
By admin | |
Moratorium extensions helped drive a weekly increase in forbearances, according to Black Knight.
Mortgage Volumes Resume Downward Trend as Rates Rise
By admin | |

Posted To: MND NewsWire

The volume of mortgage applications declined again last week, the fourth loss out of the six full weeks since the year began . The Mortgage Bankers Association (MBA says that its Market Composite Index, a measure of application volume, has lost an aggregate of 9.6 percent since the week ended January 1. In the most recent week, which ended February 12, the index was down 5.1 percent on a seasonally adjusted basis and 4.0 percent before adjustment. The Refinance Index decreased 5 percent from the previous week although it remains 51 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 69.3 percent of total applications, from 70.2 percent during the week ended February 5. The Purchase Index was down 6 percent on a seasonally adjusted basis and...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
10 Best Places to Buy Shoes & Sneakers Online (at Discounted Prices)
By admin | |
Looking to reduce your footwear expenses? Try buying discount shoes online using these websites rather than shopping in a store.
Forbearances at lowest level since April, but further drops in doubt
By admin | |
The Federal Housing Finance Agency's recent allowance of a 3-month extension of CARES Act forbearances stands to upend the trend in plan exits.
Slight Rate Increases Dampen Mortgage Application Volume
By admin | |

Posted To: MND NewsWire

Mortgage application activity gave back much of the previous week's gains as interest rates increased. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, decreased 4.1 percent on a seasonally adjusted basis during the week ended February 5 and was down 3 percent before adjustment. The Refinance Index, which had surged by 11 percent during the last week in January, was down 4 percent last week but was still 46 percent higher than the same week one year ago. The refinancing share of overall activity decreased to 70.2 percent from 71.4 percent the previous week. The seasonally adjusted Purchase Index dropped 5 percent from one week earlier but was up 2 percent from the prior week and 17 percent year-over-year on an unadjusted...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Refinancing Volume Surges on Slight Rate Drop
By admin | |

Posted To: MND NewsWire

Borrowers looking to refinance were quick to take advantage of a slight drop in interest rates last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, jumped 8.1 percent on a seasonally adjusted basis during the week ended January 29, and was up 10 percent on an unadjusted basis. The index had declined in each of the two previous weeks. The Refinance Index increased 11 percent from the previous week, also reversing two weeks of losses, and was 60 percent higher than the same week one year ago. The refinance share of mortgage activity increased to 71.4 percent of total applications from 70.7 percent the previous week. The seasonally adjusted Purchase Index ticked up 0.1 percent and was 8 percent higher on an unadjusted...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Share of impaired non-QM loans fell to pandemic low in December
By admin | |
However, the share of new impairments increased, likely as a result of the high concentration of these loans given to self-employed borrowers.
Mortgage forbearances rise for second week in a row
By admin | |
The uptick marks only the third increase in consecutive weeks since reaching a peak in May, according to Black Knight.