Items Tagged with 'Origination Insight report'

ARTICLES

  • Ellie Mae: Refis dominate end-of-year mortgage market

    Buyers rush to refinance before tax reform takes effect
    Refinance mortgages dominated the mortgage market in December due in part to purchases being down in the winter months, and also borrowers rushing to close their loans before the newly instated tax reform took effect. Ellie Mae’s Origination Insight Report showed refinances rose to 40% of all closed loans in December.
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  • Closing rates in August hit highest point since January

    Refis held steady despite interest rate increase
    Ellie Mae’s latest Origination Insight Report showed much of the loan origination data held steady from July to August. However, closing rates increased during the month to their highest point since the beginning of this year. Here’s the full rundown.
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  • Purchase mortgage market slows with slight boost in refis

    Ellie Mae report shows closing rates increased in July
    The purchase market slowed slightly in July, and while the purchase market continues to take over, refinances saw an uptick. The latest origination insights report shows the percentage of adjustable rate mortgages decreased in July, but remain up from last year.
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  • Ellie Mae: Share of purchase originations hits 6-year high

    May saw higher percentage of purchase originations than any month since 2011
    A recent report from the Mortgage Bankers Association showed that the refinance share of mortgage applications fell to the lowest level since September 2008 during the month of May. Now, a new report from Ellie Mae shows the results of the lack of refinance applications on mortgage originations.
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  • Ellie Mae: Closing time on a mortgage keeps getting faster

    Drops for third consecutive month
    Time to close slipped for the third consecutive month, continuing to drop as the housing market moves away from refinance and toward purchase originations. Ellie Mae’s CEO credits the efficiencies companies are realizing as they embrace technology to improve the home-buying experience.
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  • Ellie Mae: Adjustable rate mortgages see uptick in 2017

    Average FICO score drops in January
    As interest rates rise, homebuyers and homeowners are locking in their loans – both for purchase and refinance. As a result, FICO scores dropped on all loan types and interest increased in adjustable-rate mortgages, a trend that Ellie Mae says it will continue to watch.
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