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Posts Tagged ‘ Refinance ’

MBA: Mortgage Applications Increase in Latest Weekly Survey, Refinance Activity Lowest since 2000

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MBA: Mortgage Applications Increase in Latest Weekly Survey, Refinance Activity Lowest since 2000

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 6, 2018. This week’s results included an adjustment for the Fourth of July holiday. … The...
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MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey, Refinance Activity Lowest since 2008

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MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey, Refinance Activity Lowest since 2008

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 5, 2014. This week’s results included an adjustment for the Labor Day holiday. … The Refinance...
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MBA: Mortgage Applications Increase in Latest Weekly Survey, HARP Refinance Share Increases

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MBA: Mortgage Applications Increase in Latest Weekly Survey, HARP Refinance Share Increases

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 5.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 20, 2013…. The Refinance Index increased 5 percent from the previous week. The seasonally adjusted Purchase...
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JPMorgan: At or above current mortgage rates “refinance volumes and margins will be under pressure”

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JPMorgan: At or above current mortgage rates “refinance volumes and margins will be under pressure”

A few excerpts from the JPMorgan investor presentation (Q2 results): Mortgage Production pretax income of 2mm, down 9mm YoY, reflecting lower margins and higher expense, partially offset by higher volumes and lower repurchase losses Mortgage originations of .0B, up 12% YoY and down 7% QoQ Purchase originations of .4B, up 50% YoY and 44%...
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Low Mortgage Rates and Refinance Activity

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Low Mortgage Rates and Refinance Activity

Freddie Mac reported earlier today: Mortgage Rates Near Record Lows As Home Construction Builds Up Steam Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates edging slightly lower with the 30-year fixed averaging 3.37 percent, just above its all-time record low of 3.36 percent, and the...
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MBA: Mortgage Applications decrease, Refinance activity increases

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MBA: Mortgage Applications decrease, Refinance activity increases

Form the MBA: Refinance Applications Up, Purchase Applications Down in Latest MBA Weekly Survey The Refinance Index increased 13.5 percent from the previous week. The seasonally adjusted Purchase Index decreased 11.2 percent from one week earlier. … The refinance share of mortgage activity increased to 75.2 percent of total applications from 70.5 percent the...
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Report: Analysts not optimistic about new FHFA Refinance Plan

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Report: Analysts not optimistic about new FHFA Refinance Plan

From Bloomberg: U.S. Mortgage Fixes Won’t ‘Shock and Awe’ Economy, Analysts Say A federal plan to help homeowners refinance their mortgages is expected to reach fewer than 1 million borrowers, too few to give a jolt to the struggling U.S. economy, lawmakers and analysts say. … While details of the program’s improvements remain under...
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Mortgage Settlement Update: A Refinance Plan for Certain borrowers with Negative Equity

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Mortgage Settlement Update: A Refinance Plan for Certain borrowers with Negative Equity

The following report suggests that a refinance plan for borrowers with negative equity might be part of any mortgage settlement. This would only apply to mortgages owned by the banks – and for borrowers who are current. From the WSJ: New Mortgage Plan Floated The plan under consideration would make refinancing available to some...
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Fed’s Rosengren says allow underwater borrowers to refinance

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Fed’s Rosengren says allow underwater borrowers to refinance

The Federal Reserve's policy of keeping interest rates low to spur lending hit a barrier in the recovery with home prices falling and underwriting guidelines keeping borrowers from refinancing, said Eric Rosengren, president of the Federal Reserve Bank of Boston. With that in mind, the Fed Bank CEO said he supports policies that would...
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MBA: Mortgage Refinance Applications Increase Significantly

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MBA: Mortgage Refinance Applications Increase Significantly

The MBA reports: Mortgage Applications Increase Significantly, Driven by Surge in Refinance Activity The Refinance Index increased 30.4 percent from the previous week. The seasonally adjusted Purchase Index decreased 0.9 percent from one week earlier. … “Amid substantial market turmoil last week, mortgage rates dropped to their lowest levels of the year, and refinance...
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