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Julián Castro sworn in, spends first day as HUD Secretary

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Items Tagged with 'Refinance'

ARTICLES

GIF: 4 charts, 1 changed housing market

Purchase vs. refinance
July 17, 2014
Although rates have managed to stay surprisingly low, this is the first time since 2000 that the purchase market is dominating the mortgage market.
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FHFA: Are you eligible for HARP?

Chart shows massive amount of eligible borrowers left
June 25, 2014
In the first quarter of 2014, the number of mortgages refinanced through the program was 76,930. Meanwhile, in the state of Florida alone, there are 82,435 loans eligible for HARP now. But the FHFA is quickly shifting into overdrive to change this.
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Mortgage applications flat for the week, purchases down

This despite 30-year fixed rates at one-year low
May 21, 2014
Mortgage applications increased 0.9% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 16, 2014.
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Freddie Mac: Borrowers save more than $1 billion

April 30, 2014
Borrowers will save on net more than $1 billion in interest payments over the coming year as they continue to shorten their payment terms and build equity in their homes, Freddie Mac said.
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Refinances continue downward trend, ARMs on the rise

ARMs up 5% from March 2013
April 16, 2014
ARMs made up 7.4% of the home loans closed in March. That was up by nearly 5% over March 2013’s figure of 2.5%.
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Share of purchase loans increasing, time to close decreasing

Ellie Mae: Refinances represent 43% of total share
March 19, 2014
Residential home loan refinances continued on a downward trend in February, according to the origination insight report for February 2014 from Ellie Mae.
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Mortgage applications drop 2.1%

Refinance share hits lowest level since April 2011
March 12, 2014
Mortgage applications reversed course and dropped 2.1% from last week, as the refinance share of mortgage activity dipped to the lowest level in nearly three years.
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Originations, refinanceable population both go nose down

Black Knight's report details the why
March 4, 2014
Black Knight Financial Services' “Mortgage Monitor Report” observed a general decline in the overall “refinancible” population of both traditional and HARP-eligible borrowers, and a 60% decline in originations.
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Mortgage apps drop to two-decade low

Purchase applications fall to 1995 levels
February 26, 2014
Mortgage applications fell 8.5% from a week prior continuing its downward trend for the week ended Feb. 21, as purchase activity failed to meet market expectations.
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Mortgage applications continue to fall, drop 4.1%

February 19, 2014
Mortgage applications continued to fall and dropped 4.1% for the week ended Feb. 15, as the refinance share of mortgage activity fell slightly to 61% of mortgage applications.
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