Fannie Mae and Freddie Mac refinanced more than 90,000 mortgages through the Home Affordable Refinance Program (HARP) in September.
Read More »Insurers Release Quarterly Data on Modification, Refinance Activity
Mortgage Insurance Companies of America (MICA), an association of private mortgage insurers, reported Monday that since 2009, its members have insured $86.9 billion in mortgages modified or refinanced through the Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP) as well as in mortgages modified through other means. During the third quarter of 2012, the dollar volume of insurance written by MICA members reached nearly $11.6 billion, up 62 percent year-over-year.
Read More »Clear Capital: Obama Must Take Lead in Housing Recovery
Now that Obama has won a second term, his administration is charged with leading phase two of the housing recovery.
Read More »LPS: Early-Stage Delinquencies Drive Up September Total
Mortgage loan delinquencies increased 7.72 percent from August to September--the largest monthly increase since 2008, according to a report from Lender Processing Services (LPS). The upturn was substantial, even for a month historically marked by seasonal rises in delinquency, LPS said. However, company analysts say it is important to look at the longer-term trend, which shows a significant decrease in the delinquency rate since its January 2010 peak.
Read More »Freddie Mac: 83% of Q3 Refinancers Maintain or Cut Debt
The vast majority of homeowners who refinanced in Q3 2012 either maintained or slashed their loan debt, according to a release from Freddie Mac.
Read More »Freddie Mac: Housing Leading the Charge for Recovery
The housing sector is showing strength unmatched in previous years, according to Freddie Mac's Economic and Housing Market Outlook for October.
Read More »Ellie Mae: FHA Loans Continue to Fall Off in September
FHA loans receded in September as conventional loans gained popularity, Ellie Mae revealed in its Origination Insight Report.
Read More »Mortgage Applications Continue to Fall in October
Mortgage applications continued to fall last as long-term fixed mortgage rates rose, the Mortgage Bankers Association reported.
Read More »Firm Anticipates Increased Non-HARP Refinance Numbers for GSEs
Following FHFA's report on HARP refinances in August, Keefe, Bruyette & Woods anticipate an increase in non-HARP refinance activity.
Read More »FHFA: HARP Volume for 2012 to Total 1M
According to the FHFA, the government's Home Affordable Refinance Program is on target to reach a million borrowers this year.
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