Appraisal Buzz

AUGUST 31, 2021

The post Survey: Most Borrowers Have Not Refinanced appeared first on theMReport.com. The post Survey: Most Borrowers Have Not Refinanced appeared first on Appraisal Buzz. Despite low mortgage rates, relatively few homeowners have acted on an option that could save $100s per month—here is why.

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Appraisal Buzz

OCTOBER 26, 2021

The post Refinancing Still Driving Mortgage Volume; New Home Sales Improve Sharply appeared first on Appraisal Buzz. Purchases and Issuances totaled $112.333 billion, and Sales were ($498) billion. The August numbers were $119.682 billion, and ($277) billion, respectively. Single-family.

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Eyes on Housing

AUGUST 18, 2021

In the past month, total mortgage activity, as measured by the Mortgage Bankers Association’s (MBA) Market Composite Index, was supported by refinancing, recovering from the relatively lower levels that were characteristic of the months prior. percent for.

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Eyes on Housing

MAY 19, 2021

The MBA’s Market Composite Index, reflective of activity in refinancing and purchase mortgages, changed course compared to. Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate dipped below the elevated levels shown in April, mirroring a similar decline in Treasury yields. Read More ›

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Eyes on Housing

NOVEMBER 17, 2021

The latest Mortgage Bankers Association’s (MBA) weekly application surveys shows a decline for refinancing and an increase in mortgage purchasing. The 30-year fixed-rate mortgage rate increased, averaging close to 3.2 percent for the month and was 3.16 percent in the latest week.

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Appraisal Buzz

MARCH 7, 2022

The post Refinancing Dropped in 90% of Metro Areas from Q3 to Q4 2021, ATTOM Report Finds appeared first on Appraisal Buzz. According to ATTOM’s most recent mortgage origination analysis, the overall drop-off resulted from across-the-board quarterly declines in all three categories of conventional loans – purchase, refinance.

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Eyes on Housing

JUNE 8, 2022

Per the Mortgage Bankers Association (MBA), through the week ending June 3, total mortgage activity decreased, with the 30-year fixed-rate mortgage (FRM) rate increasing to 5.45%, on average. The latest week’s rate increased to 5.4%, after 3 consecutive weeks of declines, each by a few basis points.

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Assurance Financial

MARCH 18, 2021

Does Refinancing Affect Your Taxes? Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. Tax Deductions and Refinancing. Are refinancing costs tax deductible?

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Housing Wire

JANUARY 31, 2024

Refinancing is currently not an attractive option for most borrowers who obtained their loans during the Covid-19 years when mortgage rates were in the 2% to 4% range. According to the Mortgage Bankers Association (MBA) latest estimate, refinancing volumes are expected to be at $471 million in 2024, a 50% increase from 2023.

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Assurance Financial

MARCH 2, 2021

Is Refinancing a Bad Idea? A mortgage is a tremendous responsibility — so you need a reliable understanding of whether refinancing is a good or bad idea. The guide below will lay out some of the pros and cons to help you make sure you’re refinancing your home for the right reasons. Should You Refinance Your Home?

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Housing Wire

MAY 15, 2023

From the second quarter of 2020 to the fourth quarter of 2021, 14 million mortgages were refinanced, accounting for nearly one-third of the outstanding mortgage balances. This contrasts with nearly a third of mortgages refinanced from 2015 and later vintages. When broken down by investor type, 38% of U.S.

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Housing Wire

MARCH 3, 2024

When it comes to retaining the business of refinancing homeowners, the industry has a lot of ground to make up. Non-bank servicers did a better job, retaining a little over one in four refinancing borrowers, while bank lenders retained only one in 10. Servicers retained just one of every five such borrowers in Q4 2024, a 17-year low.

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Housing Wire

APRIL 8, 2024

As part of the agreement, NAR members and their clients will be eligible to receive exclusive rates and discounts on mortgages , student loan refinancing, and personal loans, among other perks. The National Association of Realtors (NAR) unveiled a new partnership with SoFi on Monday.

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Housing Wire

JANUARY 31, 2024

Evergreen Home Loans offers a full suite of mortgage services, including conventional purchase loans and refinancing , as well as government-backed products through the Federal Housing Administration (FHA), U.S. In that context, the company appointed Brett Evertz as the area manager. Department of Veterans Affairs (VA) and U.S.

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Housing Wire

MARCH 14, 2024

HomeSplit can help streamline buyouts, identify unknown liens, and solve refinancing hurdles. If the client decides to proceed with the real estate professional they connect with through Hello Divorce, the company receives a referral commission upon closing.

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Housing Wire

JANUARY 24, 2024

Lower interest rates will not only improve the market for buyers, but it will also encourage more refinancing, particularly for recent homebuyers who stretched their budgets on higher rate loans. Why is title insurance important in a refinancing transaction? by the end of 2024. That is because title insurance is attached to the loan.

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Eyes on Housing

AUGUST 10, 2022

Per the Mortgage Bankers Association’s (MBA) survey through the week ending August 5th, total mortgage activity increased slightly and the average 30-year fixed-rate mortgage (FRM) rate rose four basis points to 5.47%. The FRM rate has declined 35 bps over the past month but remains roughly 2.5 percentage points higher than it was a year ago.

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Housing Wire

NOVEMBER 23, 2021

Even as rates are slowly beginning to increase, cash-out refinancing options are still a relevant and potentially beneficial option for many as the amount of equity in homes reaches new levels. Cash-out refinancing is also a valuable option as it can be used as a means of consolidating non-home related, high-interest loan payments.

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Inman

JULY 19, 2023

Requests for purchase loans are still down 21 percent from a year ago last week, even as mortgage rates retreated from 2023 highs on encouraging inflation news.

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Housing Wire

MARCH 19, 2024

It can be used as a channel for mortgage holders to seek assistance in times of distress, or as a platform for lenders to advertise opportunities for equity-based loans or refinancing. “At

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Assurance Financial

MAY 4, 2022

This is a common factor that drives many homeowners to seek refinancing. Because refinancing often results in a lower interest rate, some homeowners may also seek a new mortgage for that reason. Keeping this in mind, it’s important that you, the homeowner, watch out for closing costs when refinancing your mortgage.

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Housing Wire

JUNE 28, 2023

This week, Fannie Mae published a new frequently asked questions (FAQ) document related to RefiNow, the refinancing product announced by the Federal Housing Finance Agency (FHFA) in 2021 that targets low-income borrowers with single-family mortgages backed by the government-sponsored enterprises (GSEs).

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Housing Wire

MAY 13, 2021

Low rates offer homeowners an opportunity to lower their monthly payment by refinancing and our most recent research shows that many borrowers, especially Black and Hispanic borrowers, who could benefit from refinancing still aren’t pursuing the option,” said Khater.

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Housing Wire

MARCH 29, 2024

The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. These include wholesale revisions to the lender table for the best estimate of the total cost of the refinancing to the borrower, as well as increases to the borrower’s principal limit.

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Housing Wire

JUNE 21, 2022

In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment. Why is a title search necessary for refinancing? The borrower also may have encumbered the property with loans that were not disclosed when applying for refinancing.

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Housing Wire

JANUARY 19, 2024

So, while many recent borrowers from 2023 will begin to face meaningful benefits by refinancing, a strong refinance wave driven by rate-term borrowers is not expected in 2024.

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Housing Wire

MARCH 11, 2024

The rise in purchase activity outpaced the decrease in refinancing activity , which fell by 22.5% Rate lock volume rose 5% from January to February due to a notable 8.3% increase in purchase activity, data from Optimal Blue ’s Originations Market Monitor report showed. for rate-and-term refis and by 3.1% for cash-out loans.

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Housing Wire

MARCH 26, 2024

The percentage of borrowers refinancing into shorter term 15-year mortgages continued at 8% in December. A rise in mortgage rates in the fourth quarter led total refinance volume to decline to 71,378 loans, down from 83,522 in Q3 2023.

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Housing Wire

APRIL 15, 2022

announced this week that it has committed $210 million to advance racial equity in homeownership in the United States, following a Bloomberg investigation that found the bank approved fewer than half of Black applicants for a home refinancing in 2020. Then, the bank will commit $150 million to lower mortgage rates and refinancing costs.

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Housing Wire

MAY 17, 2023

Incentivized by a 200 basis point decline in mortgage rates, 14 million homeowners in America refinanced their mortgages between the second quarter of 2020 and the fourth quarter of 2021, according to a recent research report by the New York Fed. It reset the board. Some lenders won’t survive.

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Housing Wire

APRIL 5, 2024

The government-backed company monitors prepayments out of concern for habitual refinancing , since the MBS program has a vested interest in the seasoning of securities to avoid adverse impacts on the secondary market. “Issuers with such prepayment rates should anticipate increased engagement from Ginnie Mae.”

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Housing Wire

JANUARY 6, 2021

If you’re thinking about refinancing your mortgage, here are five reasons why you might want to act now and reach out to a loan officer. Similarly, refinancing a $300,000 mortgage at 3.6% Middle-aged homeowners are refinancing in droves, real estate agents and loan officers said. 5 reasons to refinance your mortgage right now.

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Housing Wire

MARCH 18, 2024

They are also directed to households that already have a reverse mortgage, with offers of refinancing, which raises a concern. About 51% of the ads that went to people in the West region were refinancing ads in 2021-2022.” “The ads go beyond acquiring a reverse mortgage,” Jason said in her column.

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Housing Wire

SEPTEMBER 12, 2023

When rates drop, the pipeline of purchase transactions of 2022 and 2023 will be in the money for significant savings through refinancings, mortgage industry leaders say. Nicely also pointed out that recent regulatory changes have helped lenders avoid these penalties by requiring borrowers to wait before refinancing their loans.

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Cornerstone

AUGUST 17, 2021

Having an influx of equity, along with today’s historically low mortgage rates, can make refinancing your mortgage a smart option. Many homeowners have refinanced in the past year to lower their monthly mortgage payment. Any of the homeowners above could see significant savings simply by refinancing at the current rate.

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Housing Wire

SEPTEMBER 7, 2022

Miami-based fintech Milo has started to diversify its portfolio for investors with digital holdings by offering its first crypto-mortgage refinancing product, the company announced on Tuesday. HousingWire first reported on the lender’s plans to debut refinancing products at the beginning of July. .

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Housing Wire

MARCH 25, 2021

Like most retail lenders, the firm has done a disproportionate amount of business through refinancings. But the nonbank’s refinancing operation dwarfed its other business lines: it originated $72.5 billion in refinancings during 2020, a 170% increase over that of 2019.

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