Mortgage Production Reports Vary Widely - Mon 21 Aug 2017
Reports of mortgage production continue to roll in -- with some home lenders achieving new milestones, ranking at the top of their local markets or giving up on the business.

During the 12 months ended June 30, there were 1.5 million purchase-money mortgages closed where the borrower made a less than 10 percent down payment.

The share of low-down-payment loans was the highest in seven years. The widening of the share followed four consecutive years of diminishing high-loan-to-value share.

Across-the-Board Growth at Guild Mortgage - Mon 21 Aug 2017
In addition to achieving record loan production, Guild Mortgage Co. boosted the balance of its residential loan servicing portfolio and expanded the size of its payroll.

By the time the midpoint of this year arrived, the San Diego-based company serviced 172,615 single-family loans with an aggregate unpaid principal balance of $34.126 billion.

Those details, as well as other operational metrics, were provided by Guild as part of the Mortgage Daily Second Quarter 2017 Mortgage Origination Survey.

CMBS Delinquency Improves - Mon 21 Aug 2017
Just one month after surging, the rate of past-due payments on securitized commercial real estate loans improved. Apartment loans are performing best.

On loans that are included in commercial mortgage-backed securities, delinquency of at least 60 days concluded July at 6.72 percent.

That was an improvement from the preceding month, when CMBS conduit loan delinquency ended the period at 7.07 percent.

Fannie to Allow Some Appraisal-Less Transactions - Mon 21 Aug 2017
Like its secondary cousin, the Federal National Mortgage Association will begin allowing some home-purchase financing loans without appraisals.

On Friday, rival Freddie Mac revealed that its new automated collateral evaluation tool will enable some loans to be made made without a full appraisal.

The move by Freddie followed a decision back in June by the McLean, Virginia-based company to allow ACE to replace appraisals on some refinances.

Purchases Offset Refi Gain 3rd Consecutive Week - Fri 18 Aug 2017
For the third week in a row, an increase in cashout-driven refinance activity has been more than offset by deterioration in the volume of purchase financing activity.

An indicator of upcoming single-family originations, the U.S. Mortgage Market Index from Mortgage Daily, was 147 in the week ended Aug. 18.

The index, which is based on average per-user rate locks at OpenClose, dipped less than a percent from a week earlier. No seasonal adjustments are made to the index.

Both comments and pings are currently closed.

Comments are closed.

Copyright 2010 Toussaint Gaskins - All rights reserved. Web Design Datta Point