• Ocwen21.50+0.31 +1.46%
  • Zillow107.35-2.94 -2.67%
  • Trulia45.99-1.37 -2.89%
  • NationStar31.47+0.21 +0.67%
  • CoreLogic31.73+0.53 +1.70%
  • RE/MAX34.45+0.40 +1.17%
  • Fannie Mae2.325+0.045 +1.97%
  • Freddie Mac2.26+0.08 +3.67%
  • Wells Fargo55.21+1.42 +2.64%
  • CitiMortgage54.10+1.65 +3.15%
  • Bank of America17.53+0.27 +1.56%
  • Lennar43.68+0.57 +1.32%
  • Fidelity National Financial33.60+0.52 +1.57%
  • D.R. Horton24.47+0.28 +1.16%
  • PulteGroup20.93+0.46 +2.25%
  • First American33.03+0.64 +1.98%
  • AUDUSD=X0.8162N/A N/A
  • USDJPY=X119.41N/A N/A
  • WP Stock Ticker
To show sotck chart
Home >> News >> Origination

Lenders Sour on Outlook for Mortgage Demand

Lenders Sour on Outlook for Mortgage Demand

In a poll of senior mortgage officers conducted in November, Fannie Mae found consumer demand was down across all categories of home purchase loans, with only 42 percent of respondents reporting increases in demand for GSE-eligible loans, 43 percent for non-GSE loans, and 29 percent for government loans. Those shares compare to 53 percent, 65 percent, and 43 percent, respectively, in the third quarter.

Read More »

Mortgage Denials Point to Much Tighter Market

Mortgage Denials Point to Much Tighter Market

In a report released Tuesday, researchers at the Urban Institute (UI) say that previous "traditional" observations of mortgage denial rates (calculated by dividing the number of denied mortgages by the total number of applications) provide an inaccurate look at credit availability because they include applicants with near-perfect credit profiles—those who are unlikely to be turned down for most products, in other words.

Read More »

Lenders Bring Up Origination Volumes in Q3

Lenders Bring Up Origination Volumes in Q3

Mortgage lenders originated an estimated $320 billion in loans throughout Q3, according to information collected by Mortgage Daily. While up nearly 8 percent from the second quarter's total of about $300 billion, third-quarter volumes fell short of year-ago levels by 31 percent.

Read More »

Mortgage Applications Up in Holiday-Adjusted Survey

Mortgage Applications Up in Holiday-Adjusted Survey

The Mortgage Bankers Association (MBA) reported a seasonally adjusted increase of 4.9 percent in mortgage applications for the week ending November 14. The figure also includes an adjustment for the Veterans Day bank holiday. The jump accompanied a slight dip in interest rates, which fell to an average 4.18 percent for a 30-year fixed-rate mortgage.

Read More »

Forecast: Economic Growth to Help Housing in 2015

Forecast: Economic Growth to Help Housing in 2015

In Freddie Mac's latest Economic and Housing Market Outlook for the United States, the company's economists turn their attention away from 2014—a mixed year for housing, especially compared to 2013—and toward 2015, which they say will see continued strengthening in the market for home purchase mortgages as the economy improves on a broad basis.

Read More »

Mortgage Credit Availability Falls in October

Mortgage Credit Availability Falls in October

Access to mortgage credit tightened in October, according to a report from the Mortgage Bankers Association (MBA). The group's Mortgage Credit Availability Index (MCAI), a gauge of credit access based on borrower traits and underwriting trends, fell 2.5 percent last month to a reading of 113.2.

Read More »

Purchase Loans Account for Nearly 75% of Q3 Mortgages

Purchase Loans Account for Nearly 75% of Q3 Mortgages

According to a snapshot of mortgage trends released this week by Guaranteed Rate, purchase loans accounted for 73 percent of all mortgage volumes last quarter, up from 63 percent a year prior. The increase came as refinancing numbers dropped off by more than a third annually—"indicative of the fact that the third quarter of 2013 was when the mortgage market began to account for higher interest rates," Guaranteed Rate said.

Read More »

Mortgage Applications Jump on Refinance Surge

Mortgage Applications Jump on Refinance Surge

MBA's Weekly Mortgage Applications Survey shows mortgage application volumes jumped 11.6 percent for the week ending October 17. The surge in the headline index stemmed from a substantial jump in the refinance application component, which was up 23 percent week-over-week to hit its highest level since November 2013.

Read More »
Scroll To Top