Housing Wire

JANUARY 12, 2022

Mortgage applications climbed 1.4% 7, 2022, according to a survey published by the Mortgage Bankers Association this week. Joel Kan, associate vice president of economic and industry forecasting at the MBA, said in a statement that the increase in mortgage rates is curtailing refinance activity. for the week ending Jan.

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Housing Wire

NOVEMBER 4, 2020

With mortgage rates continuing to hover near record lows, mortgage applications jumped 3.8% last week according to a report from the Mortgage Bankers Association (MBA). Mortgage rates continue to hover at record lows this fall. The 30-year fixed mortgage rate remained essentially unchanged at 3.01 from 11.7%.

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Housing Wire

JANUARY 13, 2021

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said.

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Housing Wire

JULY 21, 2021

Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. This, in turn, led to mixed changes in mortgage rates. The refinance share of activity of total mortgage applications increased to 64.9% from 64.1% the previous week.

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Housing Wire

JUNE 9, 2021

For the third week in a row, mortgage applications decreased. Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. of total mortgage applications from 61.3% the previous week. from 10.9%.

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Housing Wire

APRIL 18, 2024

McDermott joined G-Rate when the lender acquired Superior Mortgage in 2012, and resigned in November 2022. She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts. “We know Megan very well and treasured her 10 years with the company.

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Housing Wire

MARCH 24, 2021

Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association. He added that mortgage rates have moved higher in tandem with Treasury yields. That’s coupled with a rise in mortgage rates , too. the previous week. from 10.3%

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Housing Wire

FEBRUARY 10, 2021

The seesaw nature of mortgage applications continued for the week ending Feb. from the prior week, according to the latest data from the Mortgage Bankers Association. The 30-year fixed mortgage rate increased to 2.96% – a high not seen since November 2020, Kan said. 5, as applications decreased 4.1% the week ending Jan.

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Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

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Housing Wire

FEBRUARY 17, 2021

As mortgage rates come off of their historic lows, mortgage applications dropped for the second week, according to data from the Mortgage Bankers Association. Mortgage applications dropped 5.1% Expectations of faster economic growth and inflation continue to push Treasury yields and mortgage rates higher.

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Housing Wire

SEPTEMBER 23, 2020

Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. Refinances also nearly reached two thirds share of mortgage activity last week, increasing to 64.3% trillion the MBA is forecasting for 2020.

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Housing Wire

MAY 5, 2021

Mortgage applications dropped again , falling 0.9% from the previous week, according to the latest report from the Mortgage Bankers Association for the week ending April 30, 2021. It’s important to note, Kan said, that mortgage application numbers from this time last year reflect challenges brought on by the pandemic.

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Housing Wire

JANUARY 5, 2022

Mortgage applications decreased 2.7% from two weeks earlier, according to the Mortgage Bankers Association survey for the week ending Dec. Mortgage applications increased 2% the week prior, largely due to an increase in Federal Housing Administration refinances. The refinance share of mortgage activity increased to 65.4%

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Housing Wire

DECEMBER 9, 2020

The Mortgage Bankers Association reported that applications decreased 1.2% The purchase market is also poised to finish 2020 on a strong note. The refinance share of mortgage activity decreased to 72% of total applications, up from 69.5% during the week ending Dec. the previous week. from 11.9%.

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Housing Wire

NOVEMBER 11, 2020

Mortgage applications decreased 0.5% jump at the end of October, according to a report from the Mortgage Bankers Association (MBA). The purchase market continued its recent slump, with the index decreasing for the sixth time in seven weeks to its lowest level since May 2020. last week after a 3.8% from 11.1% from 12.2%

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Housing Wire

JUNE 30, 2021

After two consecutive weeks of increases, mortgage applications decreased 6.9% in the week ending June 25, 2021, according to the latest report from the Mortgage Bankers Association. Mortgage applications had increased 2.1% Purchase applications for conventional loans also declined to its lowest level since May 2020.

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Housing Wire

MARCH 17, 2021

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The continued increase in mortgage rates is to blame, according to MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan. from 11.6% the week prior.

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Housing Wire

OCTOBER 27, 2021

Mortgage applications increased 0.3% from last week, per the latest report from the Mortgage Bankers Association for the week ending Oct. With two consecutive weeks of mortgage rates over 3%, refinances continued to retreat. The refinance share of mortgage activity decreased to 62.2% the week prior. of total applications.

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Housing Wire

JULY 28, 2021

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. That led to the 30-year fixed mortgage rate declining to its lowest level since February of this year, according to the latest report from the Mortgage Bankers Association. from 64.9% the previous week.

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Housing Wire

FEBRUARY 24, 2021

Mortgage applications decreased 11.4% from one week earlier , according to data from the Mortgage Bankers Association’s weekly survey for the week ending Feb. It’s the lowest level applications have fallen to since December 2020. ” The refinance share of mortgage activity decreased to 68.5% the previous week.

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Housing Wire

AUGUST 11, 2021

Mortgage applications increased 2.8% That was enough to drive mortgage rates up slightly to 3.08%, according to the latest report from the Mortgage Bankers Association. That was enough to drive mortgage rates up slightly to 3.08%, according to the latest report from the Mortgage Bankers Association. the week prior.

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Housing Wire

JANUARY 27, 2021

For the second week in a row , mortgage applications decreased – this time, down 4.1% 22, according to data from the Mortgage Bankers Association. The 30-year-fixed rate rose to 2.95%, its highest level since November 2020, according to Joel Kan, MBA associate vice president of economic and industry forecasting.

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Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in December, up from 71.6 in November.

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Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

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Housing Wire

JANUARY 3, 2024

Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. According to Pennington’s counterclaim, Movement made him co-national sales director in 2020.

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Housing Wire

JUNE 8, 2022

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. Purchase mortgage rates, after hitting a 13-year high of 5.27% in May, fell for three consecutive weeks, according to the Freddie Mac PMMS. year over year. .

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Housing Wire

OCTOBER 22, 2020

Michael Fratantoni and his staff made national news at the MBA’s annual virtual convention, releasing a projection for 2020 of $3.18 2021 is expected to show refinance volume being cut nearly in half by just over $800bb, almost 50% of 2020. Purchases in 2021 should be roughly $350bb larger than 2019, and $120bb bigger than 2020.

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Housing Wire

SEPTEMBER 8, 2022

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. The lender has a contract with Moder , the business outsourcing arm of Archwell Holdings , sources said.

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Housing Wire

MARCH 8, 2023

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a special edition of its Supervisory Highlights report that profiles “unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets,” including among mortgage servicers.

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Housing Wire

DECEMBER 8, 2021

Mortgage applications increased 2% for the week ending Dec. 3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday. For jumbo mortgage loans (greater than $548,250), rates rose to 3.33% from 3.27% the week prior. Refinance apps fell 36.5% in the period.

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Mortgage Government Contracts Inventory 441

Housing Wire

MARCH 23, 2022

Interest in residential mortgage loans fell 8.1% for the week ending March 18 as mortgage rates rose to 4.5%, the highest level in years, according to the Mortgage Bankers Association ‘s latest survey. The 23 basis points increase last week was the largest weekly change since March 2020. the previous week.

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Housing Wire

NOVEMBER 25, 2020

After two weeks of decreasing numbers, mortgage applications increased 3.9% last week, according to a report from the Mortgage Bankers Association. The refinance share of mortgage activity reportedly increased to 71.1% Refinance applications climbed even higher. of total applications, up from 69.8% the previous week.

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Housing Wire

MARCH 18, 2024

The dispute between the companies started in 2019 when Black Knight accused PennyMac of copying its mortgage servicing platform, MSP, to create its Servicing Systems Environment (SSE) technology. In March 2020, the companies entered arbitration. million in damages related to a breach of contract claim, plus interest and attorneys fees.

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Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

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Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. Lotsoff and Brok spent nearly 10 years at loanDepot and the branch they managed originated $1 billion in volume in 2020 and 2021, Lotsoff and Brok said. “We

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Housing Wire

JANUARY 27, 2022

San Francisco-based startup Vesta, which provides a software-as-a-service platform for mortgage loan originators, announced on Thursday that it raised $30 million through a Series A funding round. trillion mortgage loan origination market, according to the Mortgage Bankers Association (MBA) forecast for 2022.

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Mortgage Investors Loan Officers Technology 384

Housing Wire

JANUARY 26, 2022

Mortgage applications fell 7.1% from the previous week, following an increase in rates to the highest level since the pandemic onset, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. For jumbo mortgage loans (greater than $647,200), rates went to 3.56% from 3.54% the week prior.

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