Posted on

MBA: Refinance once again drives mortgage applications

The Refinance. refinance applications surged over 12 percent. Rates dropped across all loan types, and the 30-year fixed-rate mortgage is now more than 70 basis points below last November’s peak..

Separately, the Mortgage Bankers Association’s (MBA. of total applications remained unchanged from 0.6 percent. “Mortgage rates declined once again, as concerns about the slowing global economy and.

"The average loan size increased once again to new highs for both purchase and refinance loans, as borrowers with – or seeking – larger loans tend to be more reactive to the drop in rates." The refinance share of mortgage activity increased to 40.4% of total applications, up from 39.2% the previous week.

 · Mortgage rates follow the 10-year Treasury yield, but are consistently higher. The average mortgage rate, as surveyed by Freddie Mac (using a different methodology than the MBA) for the week ending September 20, was 4.65%. On that day, the 10-year Treasury yield closed at 3.07%.

Real-Time 24/7 borrower satisfaction monitoring and Intelligence STRATMOR Group’s MortgageSAT is the mortgage industry’s only Borrower Satisfaction measurement tool.

4. Cycle time: Clients increasingly want a faster mortgage application process, faster decision making, faster commitments, and faster time to close. With most of the low hanging fruit already picked, technology is now the most promising path for the next wave of cycle time improvement. New technology has the power to transform mortgage.

Ala. court says alleged problems with securitization aren’t a borrower concern Ala. court says alleged problems with securitization aren’t a borrower concern. Geraldine Tash. contents (nyse: lps mortgage performance statistics derived 419 (ariz. app. div. 2014) moving average fico score Challenge mortgage assignments due LPS: 7.12% of U.S. loans are delinquent.

BUILDER Mortgage Applications Rise 1.6% The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 4.59% from 4.61%.

 · Student Loan Hero is excited to announce the six winners of our spring 2018 scholarship. After reviewing hundreds of applications, our financial experts selected six amazing students who impressed us with their drive and commitment to their education.

Most Americans Hanging on By a Financial Thread: Study Ocwen enters massive MSR agreement with OneWest bank ocwen financial corporation (ocn) – 2013 : $4,655,665,365 Ocwen Financial Corporation (the “Company”, “Ocwen”, “we”, “us”, “our”) is filing this Amendment No. 1 (Amendment) to its Annual Report on Form 10-K for the year ended December.Disclaimer: This blog post covers only a fraction of what’s sketchy with "The China Study." In the years since I wrote it, I’ve added a number of additional articles expanding on this critique and covering a great deal of new material. Pop over to my Forks Over Knives review for.Housing risk rising as more loans don’t meet QM on DTI What You Need to Know About Non-QM Loans. By Kendall. This provided mortgage lenders and banks with protection on loans that meet QM standards, to reduce risk with fewer buybacks or claims resulting in monetary losses.. Non-QM loans simply mean that the loans don’t fit into the complex.

Although mortgage applications slightly. rebound in refinances,” MBA Vice President of Economic and Industry Forecasting Joel Kan said. “The refinance index increased 8% to its highest level in.

“Mortgage rates declined once again, as concerns about the slowing global economy and status of Brexit continued to drive investors’ demand. Although lower rates sparked a 3.5% increase in.

Building on the huge momentum two weeks ago, mortgage application volume jumped further last week, up 14.2 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA).