Tag Archives: Mortgage Applications

According to MBA's Weekly Mortgage Applications Survey for the week ending April 12, application volume increased 4.8 percent week-over-week on a seasonally adjusted basis.

Wells Fargo and JPMorgan Chase both pulled in record quarterly profits during the first months of 2013, according to earnings reports released Friday by both banks. Wells Fargo reported record net income of $5.2 billion for Q1 2013, up from $5.1 billion quarter-over-quarter and from $4.2 billion year-over-year. JPMorgan also posted strong performance across its businesses, recording a net income of $6.5 billion (compared with $4.9 billion in the first quarter of 2012).

While last year's mortgage market was largely dominated by refinance loans, a new report from MortgageMarvel.com says the stage is already set in some areas for purchase loans to take point.

Almost two-thirds of homeowners who purchased homes in the past 10 years consider their home-buying experience excellent or very good, according to survey results released Tuesday by TD Bank, based in Portland, Maine. About 55 percent of survey respondents rated their ability to find a good real estate agent and their experience with the inspection and appraisal process as "excellent" or "very good." However, finding the right lender proved to be trickier for many respondents.

While the refinance boom "is coming off the boil," mortgage application data for March has Capital Economics confident that home purchase application volume is in the early stages of a sustainable comeback. Applications for purchase loans rose 4.5 percent from February to March and 11.4 percent over the past year--indicating an upward trend, even if volume is still low by historical standards. March's final week saw a 1 percent bump in the Mortgage Bankers Association's measure of purchase application volume.

A drop in mortgage rates paved the way for a rise in applications last week, the Mortgage Bankers Association (MBA) reported.

Ellie Mae released its Origination Insight Report for February, revealing that the closing rate for loan applications initiated 90 days prior--in November--was 56.8 percent.

Following Elizabeth Duke's comments on the impact capacity constraints are having on the housing market, Capital Economics released an update with a similar focus.

Rising interest rates brought down mortgage activity last week, according to the Mortgage Bankers Association (MBA).

February's increase in mortgage interest rates took some of the heat out of the refinancing boom, Capital Economics says in its latest US Housing Data Response. Capital Economics' report, which compiles application data from the Mortgage Bankers Association (MBA), shows application volume fell 0.3 percent month-over-month in February. That decline, however, is still an improvement over January, which saw a 2.5 percent drop in applications from December.