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    It’s been nearly three years since Ocwen Financial agreed to offer $2 billion in consumer relief and pay up to $127.3 million to settle a Consumer Financial Protection Bureau investigation into its servicing practices. But it looks like Ocwen may not be done with the CFPB yet, as the company revealed Thursday that the bureau is currently investigating the company’s mortgage servicing practices, which could lead to a fine and/or other disciplinary action. Click the headline to read more.

Items Tagged with 'purchase applications'


MBA: Mortgage applications post another quiet week

Includes adjustment for Columbus Day holiday
Mortgage applications continue to post lackluster results, with this week’s report from the Mortgage Bankers Association no different. As far as mortgage rates go, the average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances increased to its highest level since June 2016.
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MBA: Mortgage applications reverse course, decrease

Most interest rates rise to highest level since September 2016
The latest decline in mortgage applications is a change from the meager shifts reported over the past two weeks. However, the drop is still in the single digits. The main driver behind the drop: declines in refinance applications.
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MBA: Mortgage applications record slight increase

30-year, fixed-rate mortgage falls to lowest level since July
While it may be small, mortgage applications ticked up 2.9% from one week earlier. Most notably in the latest Mortgage Bankers Association’s report, the average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances dropped to the lowest level since July 2016.
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MBA: It’s another quiet week for mortgage applications

Mortgage rates fall across the board
Mortgage applications reported a very quiet week, echoing other industry reports. As for what did change, all mortgage interest rates on mortgage products declined. Here’s what the latest news from the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey found.
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MBA: Mortgage applications erase previous week's gains

Fall 7.3%
Mortgage applications erased all of the previous week’s gains, falling from one week earlier. The report before this included an adjustment for the Labor Day holiday, while this week's report accounts for one of the biggest increases in a string of lackluster results.
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MBA: Mortgage applications swing back down

Refinance apps stopped pushing up demand
Mortgage applications continue to swing up and down, falling 4% from one week earlier. The news comes after last week’s rise, primarily driven by refinance applications. The week before that, however, also posted a decline.
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MBA: Mortgage applications drop again

Both refinance and purchase applications fall
While the decline isn't as severe as the prior week, mortgage applications still posted a drop from one week earlier. But unlike the last report, the fall in refinance applications didn’t lead the overall dip in applications.
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