Items Tagged with 'Mortgage Application'

ARTICLES

  • Fannie Mae, Freddie Mac delaying use of new Uniform Residential Loan Application

    FHFA asked GSEs to make changes to form
    Nearly three years ago, Fannie Mae and Freddie Mac announced that they were changing the standard mortgage application form for the first time in 20 years. As the development process moved forward, the GSEs dictated that lenders would be required to begin using the new loan application by Feb. 1, 2020. But that’s not the case anymore. Fannie and Freddie announced Thursday that they are delaying the mandatory use of the redesigned Uniform Residential Loan Application to an unspecified date in the future.
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  • MBA: Refis boost mortgage applications

    Application activity increase 5.1%
    Mortgage applications reversed course this week, increasing 5.1% from last week, with the Refinance Index increasing 6%. However, Federal Housing Administration applications dipped slightly, from 10.6% to 10.1%.
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  • MBA: Mortgage applications increase 4.1%

    Interest rates continue to decrease
    Mortgage applications climbed in numbers, increasing 4.1% from last week. But this week’s results included an adjustment for the Memorial Day holiday. On an unadjusted basis, the index decreased 7% from last week.
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  • 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.
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