Archive | mortgage news

Mortgage Rates Sideways to Slightly Lower

Posted To: Mortgage Rate Watch Mortgage rates have been so little-changed in recent days that yesterday’s coverage wouldn’t need to be changed in order to apply perfectly today. Indeed, the 3rd paragraph is a word-for-word repeat. To be fair though, we would need to update yesterday’s reference to “especially over the past 5 days.” That […]

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FHFA Home Prices Continue Strong Gains

Posted To: MND NewsWire April data from the Federal Housing Finance Agency (FHFA) indicates that, once again, there was no moderation in the pace of home price increases . FHFA’s Housing Price Index (HPI), which is based on loans sold to or guaranteed by the two GSEs, Fannie Mae and Freddie Mac, increased 0.7 percent […]

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Prepayment Rate and Refinanceable Population Have Both Soared

Posted To: MND NewsWire Prepayments, apparently spurred by the recent retreat in interest rates, soared in May. Black Knight Financial Services, in its “first look” at the month’s mortgage performance data, said there was a 23 percent increase in prepayments, historically a good indicator of refinancing activity , from April to May, bringing the incidence […]

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Purchase Loans, Closing Rates Improved in May

Posted To: MND NewsWire Originations are increasingly tilted toward home purchase mortgages per the latest Origination Insight Report from Ellie Mae. The May data show the share of those mortgages gained another three percentage points to represent 68 percent of all closed loans. The share of refinance originations has dropped from 47 percent at the […]

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Multiple Vendor Updates; Internal Audit Service; Alight Raising Capital

Posted To: Pipeline Press This week’s Sindeo’s closure reminds lenders of the basic premise: if you didn’t make money in 2016, what makes 2017 any different? Your competitors won’t wait for you. Correspondent, wholesale, and warehouse partners won’t “look the other way” and be too lenient when there’s a lot of money at stake. Trust […]

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