The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

MBA: Refis fall to lowest level since Sept. 2008

Purchase apps see another slight increase

Mortgage applications increased slightly, rising just under one percent, 0.9%, from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 9, 2018.

On an unadjusted basis, the index increased 2% from last week’s 13% increase.

The Refinance Index increased 2% from the previous week and the Purchase Index decreased 1% from last week.

The refinance share of mortgage activity fell to its lowest level since Sept. 2008, 40.1% of total applications, from 41.8% reported during the previous week.

The adjustable-rate mortgage share of activity dipped .2 points to 7.1% of total applications.

The Federal Housing Administration share of applications increased to 10.4%, up .3 from last week percentage of 10.1%, and the Veterans Affairs' share of applications increased from 9.9%. to 10.3%. The Department of Agriculture share of total applications remained unchanged from last week’s percentage of 0.9%.

The MBA reported mortgage interest rates for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased from last week’s 4.65% to 4.69% this week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $453,100) decreased to 4.55% from 4.56% last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.73%, its highest level since July 2011, from 4.68%.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.07% from 4.11%.

Lastly, the average contract interest rate for 5/1 ARMs reached its highest level since February 2011, increasing to 3.93%, up from last week’s 3.81%.

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