Items Tagged with 'Purchase originations'

ARTICLES

  • Mixed mortgage news: Refis fall to four-year low, but purchases climb sharply

    Total originations actually rise 15% in second quarter
    The signs were all there. It was clear that refinance originations were trending down as interest rates rose, but it’s still striking to see the results in black and white. According to newly released data from ATTOM Data Solutions, refinance originations fell to a four-year low during the second quarter, thanks to increases in interest rates.
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  • Goodbye refi: Rising interest rates all but erase refinance demand

    Purchase loans now make up nearly 75% of all mortgages
    While mortgage interest rates dipped ever so slightly in the last week, they’ve been trending up for the majority of this year. And it appears that the consistent rise in interest rates this year has all but dried up refinance demand. Is it time to say goodbye to refis for a while? It certainly looks that way.
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  • Mortgage originations plummet in fourth quarter

    Led by 34% drop in refi originations
    Mortgage originations plummeted in the fourth quarter of 2017 due to a sudden drop in refinances. But a new report from ATTOM Data Solutions shows purchase originations held steady compared to a year ago despite ballooning down payment amounts that make it more difficult for first-time homebuyers to compete.
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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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  • Mortgage originations plummet 34% in first quarter 2017

    Led by 45% drop in refis
    Originations plummeted in the first quarter of 2017 from last year and last quarter. The decrease was led by a drop in refinance originations, making up a smaller share in lending and pulling total lending originations downward. Black Knight explained many borrowers with higher credit scores stopped applying for refis after interest rates began to climb.
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  • Attom: Refinance originations fell to 10-year low in 1st quarter

    Overall origination volume by dollar amount drops to three-year low
    Mortgage rates may sit at a yearly low right now, but earlier in the year rates sat well north of 4%, and that drove first-quarter refinance originations to the lowest level in 10 years, a new report from Attom Data Solutions shows. Here's a full breakdown of Q1's loan data.
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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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  • Home refi originations make final stand in Q4

    Increase 20% as purchase originations drop
    Refinance originations increased annually in the fourth quarter even as purchase originations saw a decline. As interest rates increase and refinaces begin to dwindle, the fourth-quarter increase could be the final stand for refis.
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