Record Purchase Lending at Guild, Staffing Grows
Annual home lending held up at Guild Mortgage Co., which reported an all-time high for purchase-money volume. Staffing expanded, but the servicing portfolio was slashed.
Refi Share Surges as Lenders Relax Requirements
Last month saw a significant surge in refinance share. While loan-to-value ratios tightened, other metrics were more flexible. Turn times have sped up over the past year.
Mortgage Apps Slump, Gov Share Down Again
Although mortgage applications turned lower last week, purchase activity has improved on a year-over-year basis. For the fifth consecutive week, the share of government applications has fallen.
Mortgages O/S Up, Post-Recession Low for Lates
The collective balance of residential loans outstanding increased in the final quarter of last year, while mortgage delinquency fell to the lowest level since the recession.
2-Year Outlook for Home Lending Cut
The expected volume of residential loan originations has been cut by $56 billion for this year and next year. Last year's refinance estimate, meanwhile, has been boosted.
Hilltop Holding's Home Lending Falling
Home lending volume turned lower in the final quarter of last year at Hilltop Holdings Inc., and a more sharp decline is likely ahead. Overall earnings increased, but mortgage income fell.
Record Business at National M.I.
|Purchase Mortgage Surge Overcomes Refi Slump|
New purchase-money lending activity accelerated this past week, lifting overall business despite that refinances slowed to the lowest level since last year. Adjustable-rate prospects grew.
Quarterly business ascended to an all-time high at National Mortgage Insurance Corp. As the book of business grew, so did delinquency.
Mortgage Debt Continues to Expand, HELOCs Contract
America's book of single-family loans expanded last year, though the balance of home-secured credit lines outstanding declined. Serious mortgage delinquency dropped.
GSE Refinances Climb to 10-Month High
The final month of last year saw refinances of government-sponsored enterprise loans climb to a 10-month high. But annual refinance production tumbled.