3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
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Items Tagged with 'Mortgage Bankers Association'

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Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
April 16, 2014
Analysts from Keefe, Bruyette & Woods have joined the prognostication party and released their own predictions for what the first quarter earnings will look like and what that means for the rest of the year.
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No, it's not that bad: It's worse

All indicators point down unless you want to metricize hope and spin
April 16, 2014
This year is already one-third in the books, and everyone is waiting for that fabled “pent-up housing demand” to announce its presence. But if it’s coming, it’s taking its sweet time.
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Mortgage activity ticks up in March but at lowest level since 1997

New home apps up 15% is one bright spot
April 15, 2014
Mortgage applications for new home purchases in March increased by 15% over February but this bit of good news comes on the heels of news lenders have made a mere $226 billion of mortgages in the first quarter of 2014, which is the lowest amount since 1997.
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FHA to Realtors (and everyone else): We’re not lowering rates

But acknowledged that rates may have reached a “tipping point” that could drive buyers away
April 10, 2014
"Now is not the time to roll those premiums back," Federal Housing Administration Commissioner Carol Galante said. "Right now we are priced appropriately and are reaching out to creditworthy individuals.”
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MBA: 3 Expire Act provisions that impact you

Final act still under debate
April 3, 2014
The Expiring Provisions Improvement Reform and Efficiency Act is up for discussion, and while it includes an impressive amount of fine print, the Mortgage Bankers Association outlined three key areas that could impact housing.
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Investor searches for diamonds in ResCap coal pile

John Paulson bets big on bankrupt mortgage company
March 26, 2014
The doors to bankrupt mortgage company ResCap are getting reopened as famous shortseller John Paulson joins the game and bets big on the company.
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NAR President: "We want GSE reform to take place now"

White House seeks housing influencer opinion
March 21, 2014
Now that Fannie Mae and Freddie Mac reform talk is at the forefront of the table, National Association of Realtors President Steve Brown is ready to get the balling rolling on progress.
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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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Love and hate on the Johnson-Crapo GSE reform effort

Community bankers need more convincing
March 11, 2014
The housing finance industry's response to the agreement on GSE reform has been mainly positive. However, the details for community lenders, especially, are an area of concern.
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Mortgage apps reverse course, climb 9.4%

Refi index jumps a full 10%
March 5, 2014
Mortgage applications reversed a three-week decline to climb 9.4% from one week earlier, according to the Mortgage Bankers Association’s survey.
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