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Items Tagged with 'refinance activity'

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FHFA refinance activity declines

Rising mortgage rates fuel the drop
A little more than 68,000 Fannie Mae and Freddie Mac mortgages refinanced through the Home Affordable Refinance Program in August, the FHFA noted Wednesday.
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Southern community banks perform well, despite lingering risks

Competition weighs on banks that picked up mortgage lending activity
Home values and housing activity picked up across Southern communities, benefiting community banks in the region. But these trends are in large part due to the area's vibrant oil and gas industry and other economic indicators, the Office of the Comptroller of the Currency claimed in a new report.
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Title insurers take hit on HW 30

Refinance nosedive plays a huge role and Radian fares the worst
Title insurers may be yet another component of the housing market that is being impacted by the drop-off in refinance activity — and their stocks will prove it.
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Mortgage applications slip 2.5%

30-year mortgage rate reaches new 2013 high
Mortgage applications continue to fall, dropping 2.5% from a week earlier, as the average contract interest rate for a 30-year, fixed-rate mortgage with a conforming loan limit rose to 4.80%, the highest rate since April 2011.
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Banking profit falls as refi volume drops

"In our view, as treasury rates continue to climb, companies exposed to mortgage banking will face challenges maintaining gain on sale revenues, particularly institutions benefiting from mostly refinance activity," said Matthew Kelley, an analyst with Sterne Agee.
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