Mortgage origination volume continued to climb in 2012, according to data from Mortgage Daily's 2012 Mortgage Lender Ranking. According to data collected from surveys, earnings filings, and other public disclosures, loan volume across all lending firms grew 30 percent annually in 2012. In the fourth quarter alone, Mortgage Daily reports residential originations coming in around 3 percent above third-quarter volume. Year-over-year, Q4 saw mortgage production grow 17 percent.
Read More »Inspector: Better Guidance Needed from FHFA on Multifamily Loan Exams
FHFA's inspector general says in a new report that the agency needs to provide better guidance for investigators examining the GSEs' multifamily loan portfolios.
Read More »Mortgage Rates Inch Up as Markets Continue to Wait for Signs
Fixed mortgage rates moved up just a smidgen this week, according to surveys from Freddie Mac and Bankrate.com.
Read More »Freddie Mac Sees Room for Growth in Housing
Well housing activity remains near historical lows, Freddie Mac is taking a more optimistic view: There's still plenty of room to grow. This glass-half-full viewpoint was reflected in the GSE's forecast for housing in 2013, especially for housing starts, which are projected to increase to 950,000 units this year--22 percent higher than 2012 levels. The GSE also expects prices to increase 3 percent in 2013 and 2014, while sales are forecast to rise to an annual rate of 5.45 million and 5.80 million, respectively.
Read More »Mortgage Rates Find Solid Ground
Fixed mortgage rates continued to hold steady last week, according to data from Freddie Mac and Bankrate.com.
Read More »Freddie Mac: 27% of Q4 Refinancers Shortened Loan Terms
Data released by Freddie Mac shows more than a quarter of borrowers who refinanced in Q4 2012 chose to shorten their loan terms.
Read More »Freddie Mac Names New Board Member
Freddie Mac's board has a new member. The company announced the election of Steven W. Kohlhagen, Ph.D. to its board of directors. Kohlhagen brings more than three decades of experience with him, having held senior executive positions at leading financial institutions, including First Union National Bank (predecessor to Wachovia National Bank), American International Group, Stamford Capital Group, Bankers Trust Corporation, and Lehman Brothers.
Read More »CoreLogic: 60% of Today’s Loans Fail QM, QRM Requirements
About 60 percent of loans written today would be unacceptable under the finalized rules for a QM and the anticipated rules for a QRM, according to CoreLogic.
Read More »Senators Revive Refinance Bill
Two U.S. senators reintroduced legislation designed to open up competition and limit barriers to refinance for qualified homeowners.
Read More »Mortgage Rates Steady as Markets Watch for Next Catalyst
After spiking,, fixed mortgage rates held their ground last week as the economy showed signs of stability, at least for the near future.
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