Items Tagged with 'Mortgage'


  • MBA: Mortgage applications decline further as refinances slide

    Market Composite Index falls 4.3%
    Although purchase activity remains solid, a drop in refinances contributed to mortgage applications declining further for the week ending May 1, 2019, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said the drop in refinances can be attributed to fewer FHA and VA loan applications, which typically lag the movement of conventional loans.
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  • From HW Magazine

    Non-QM: The buzzword of 2019

    Controversial product on the rise
    Will this be the year lenders embrace a product that is a controversial but necessary option in the mortgage market? Is 2019 the year of non-QM?
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  • The biggest earners in finance don't work at banks

    This is who's really raking in the big bucks
    In the world of finance, you might think it's the bankers who are making money hand over fist, but apparently, that's no longer the case. Now, professionals working in real estate are the ones who are raking in the big bucks, as REITs posted some of the highest median pay figures for employees. Here's how much employees make at companies in the mortgage sector.
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  • MBA: Geopolitical headwinds dampen mortgage application growth

    The Market Composite Index drops 7.3% from the previous week
    As geopolitical turmoil mounts, mortgage applications retreated further for the week ending April 24, 2019, according to the newest data from the Mortgage Bankers Association. According to MBA's weekly Mortgage Applications Survey, on an unadjusted basis, the Market Composite Index dropped 7.3% from the previous week.
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  • Capital Bank launches Capital Bank Home Loans

    Rebrands mortgage business from Church Street Mortgage
    Capital Bank, a Maryland-based bank that operates in and around the Washington, D.C., Northern Virginia, and Baltimore areas, is rebranding its mortgage business and launching Capital Bank Home Loans. Previously, the company’s mortgage operation was called Church Street Mortgage.
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  • MBA: American home purchase activity reaches 9-year high

    However, mortgage applications continue to decline as refinances slide
    Primarily driven by a decline in refinances, the Mortgage Bankers Association revealed mortgage applications fell further for the week ending April 12, 2019. MBA Vice President of Economic and Industry Forecasting Joel Kan said with mortgage rates up for the second week in a row that it's no surprise that refis slid 8% and average loan sizes dropped back closer to normal levels.
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  • Colony Bank buying PFB Mortgage

    Georgia bank expanding mortgage business
    Colony Bank, which operates 27 branches throughout Georgia, is set to grow its mortgage business, as the bank announced this week that it plans to acquire PFB Mortgage, the secondary market mortgage business of Planters First Bank. According to Colony Bank, PFB Mortgage originated more than $100 million in mortgages last year, and the bank expects the addition to help double its mortgage business in the future.
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  • Freddie Mac: Mortgage rates rise slightly, expected to remain low

    The 30-year fixed-rate mortgage averaged 4.12% this week
    Mortgage rates continued to rise further for the week ending April 11, 2019, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said despite the recent rise, mortgage rates are expected to remain low, therefore boosting homebuyer demand in the next few months.
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  • MBA: Mortgage applications fall as mortgage rates tick up

    The Market Composite Index retreats 5.6%
    In what may be a sign of just how sensitive borrowers are to fluctuations in mortgage rates, the Mortgage Bankers Association revealed mortgage applications declined further for the week ending on April 5, 2019, following a slight uptick in mortgage rates.
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