Game changer? Quicken Loans takes mortgage lending fully digital

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Fannie Mae continues shifting credit risk to insurers

Completes fifth and sixth Credit Insurance Risk Transfer deals

Items Tagged with 'Mortgage Application'


Appraisal volume slows down into the holidays

Good sign for the industry
Appraisal volume once again moved slightly lower for the second week of November, according to the latest data from a la mode. With November historically the start of the holiday slowing and interest rates rising over the past week, the relatively slight decline is a good sign for the industry.
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MBA: New home purchases drop in October

TRID partially to blame for decline
Turns out the impact of TRID runs deeper than just a volatile month for mortgage applications. A new report from the Mortgage Bankers Association shows that mortgage applications for new home purchases fell by 8% relative to the previous month, partially due to TRID going into effect during the month.
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MBA: Mortgage applications drop 3.5%

Includes an adjustment for Columbus Day
The number of mortgage applications dropped for the week ended Oct. 23 compared to one week earlier, even though the average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances is still below 4%.
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Mortgage applications tumble more than 25% due to TRID

Prior week stole much of the volume
Mortgage applications tumbled 27.6 % from last week, obliterating the prior week’s drastic jump in applications due to the implementation of the new TILA-RESPA integrated disclosure rule. Interestingly enough, there was little change in mortgage rates.
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