Home >> Tag Archives: Refinance (page 22)

Tag Archives: Refinance

2013 Refinancers Projected to Save $21B in 2014

Borrowers who refinanced last year will save on net about $21 billion in interest over 2014, according to the results of Freddie Mac's latest quarterly refinance analysis. The company's report shows the average interest rate reduction among refinancers in the fourth quarter was about 1.5 percentage points, translating into a savings of about 25 percent. Those who refinanced through the Home Affordable Refinance Program (HARP) during Q4 saw an average rate reduction of 1.7 percentage points, meanwhile.

Read More »

Originations See Lowest Numbers Since 2008

While most housing metrics ended 2013 on a promising growth path, mortgage origination volumes closed out the year on a decidedly sour note, Black Knight Financial Services (BKFS) says in its year-end Mortgage Monitor Report. "[H]igher interest rates and seasonality pushed monthly originations to the lowest level since 2008, and the current interest rate environment seems to have also brought an end to the refinancing wave we've observed for the last several years," said Herb Blecher, SVP of BKFS Data & Analytics.

Read More »

Mortgage Applications Steady in Latest Survey

Mortgage application volume remained essentially flat last week, with refinance and purchase loan numbers canceling each other out, the Mortgage Bankers Association (MBA) reported Wednesday. According to MBA's Weekly Mortgage Application Survey, loan application volume fell a scant 0.2 percent (seasonally adjusted) for the week ending January 24. The results include an adjustment to account for the Martin Luther King, Jr. holiday, on which markets were closed. Unadjusted, applications fell 9 percent week-over-week.

Read More »

Refinances Push Up Application Volume


According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey, loan application volume rose 4.7 percent (seasonally adjusted) for the week ending January 17. The overall increase came entirely from a continued recovery in refinance numbers. The survey's Refinance Index was up 10 percent week-over-week, with refinance share accounting for 64 percent of total applications, the highest level in a month. Meanwhile, the seasonally adjusted Purchase Index dropped 4 percent compared to the prior week.

Read More »

Credit Standards Relax at Year-End

After loosening steadily for several months, credit standards for mortgage loans ended 2013 at their lowest level all year, according to the December Origination Insight Report from Ellie Mae.

Read More »

Former First Franklin CEO to Lead WDB Funding

WDB Funding, LLC, announced the appointment of Andrew Pollock as the firm's president and CEO. Pollock brings 25 years' experience heading large-scale lending operations to his new role, where he is responsible for providing day-to-day leadership, managing operations, and executing the strategic direction of the company.

Read More »

Loans Originated Last Year Show Record Performance

Loans originated last year are the best-performing mortgage loans on record, according to the November Mortgage Monitor released Tuesday by Black Knight Financial Services (formerly Lender Processing Services). The Monitor also found a significant increase in non-agency loans, a sign that the market might be ready for more risk. Non-agency, first-lien, prime, jumbo loans have increased 75 percent over the year in November, according to Black Knight.

Read More »