Items Tagged with 'Mortgage Application'

ARTICLES

  • LendingTree reveals the cities with the highest rates of denied mortgage applications

    Here are the leading reasons for denials
    [Expert commentary] As the spring selling market heats up, buyers continue to face increasing odds against finding their dream homes. Inventory is low, demand is high and rates have been steadily creeping upwards for months. These factors are only complicating what can already be an arduous experience for would-be homebuyers hoping to get approved for a mortgage. In a new study analyzing more than 10 million mortgage application records, LendingTree found nearly one out of every 10 mortgage applicants, or 8%, is denied at the national level.
    Read More
  • 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's total, according to data from the Mortgage Bankers Association. While purchase applications saw an incremental increase, refi activity fell to its lowest level since Sept. 2008.
    Read More
  • J.D. Power: Will mortgage lending go fully digital in 2018?

    Trend grows toward heavy tech development
    J.D. Power conducted a new study which shows, for the first time, refinance and purchase customers cited online/website as the most frequent method of submitting a mortgage application. The number of buyers that began their mortgage application digitally surged from last year. Are we finally on the verge?
    Read More
  • Refinances regain popularity among Millennial buyers

    Refinances account for 15% of mortgages for third straight month
    Refinances became more popular among Millennials during the fourth quarter of 2017, according to the latest Ellie Mae Millennial Tracker report. The refinance share made up 15% of closed loans among Millennials in December, the highest percentage of refinances for this demographic since February.
    Read More
  • MBA: Mortgage applications drop in final weeks of 2017

    Refinance apps plummet 7%
    Mortgage applications dropped 2.8% from two weeks ago, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. The Refinance Index decreased 7% from two weeks ago, continuing the previous 3% drop. However, the Purchase Index increased, rising 1% from two weeks ago.
    Read More