Items Tagged with 'Refinance originations'

ARTICLES

  • 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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  • Bipartisan group of senators seek more “predatory” lending protections for veterans

    Lenders would be required to show “material benefit” for VA refinances
    Over the last few months, Ginnie Mae and the Department of Veterans Affairs began looking into a segment of mortgage lenders that were aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. But a bipartisan group of senators think both the VA and Ginnie Mae need more legal authority to stamp out the problem entirely.
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  • Down payment insurer ValueInsured now offering refi protection

    Protects equity if borrower needs to sell at a loss in the future
    ValueInsured, a company that provides down payment insurance for borrowers, is now also offering equity protection for borrowers who want to refinance their mortgage. Through the +Plus Equity Protection program, borrowers pay a premium in exchange for ValueInsured agreeing to reimburse up to the full amount of their equity under certain conditions.
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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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  • 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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