Refinance application share hits eight-year low: MBA

NEW YORK (Reuters) – U.S. mortgage application activity hit a five-week low even as home borrowing. the lowest level in six weeks. The share of refinancing applications shrank to 42.6 percent form.

Servicer productivity – measured as the average loans serviced divided by the average servicing full-time-equivalent employee (FTE) in a given year – peaked at 1,863 loans in 2007. Once the Great Recession hit, default rates rose and productivity dropped, reaching a study-low of 647 loans serviced per FTE in 2013.

New-home sales declined in April as demand fell in West People on the move: Oct. 5 People on the Move: Oct. 2. Recent hires and promotions at area businesses. Post to Facebook Cancel Send. Sent! A link has been sent to your friend’s email address. Posted! A link has been posted.New-home sales in the U.S. declined in April, posting the largest monthly drop since the end of last year and signaling the housing market is on weaker footing during the key spring selling season.Month-to-month prepayments keep inching up But if your credit isn’t great, you’ll still have to pay a deposit, so you might as well go prepaid, and avoid the credit and deposit issue completely, rather than signing up for a month-to-month plan that requires a credit check. Happily, prepay electric plans are pretty price-competitive with month-to-month plans that require credit checks.

Refinance Application Share Hits Nine-Year Low. Wednesday, May 17, 2017. The mortgage bankers association (mba) said today that mortgage applications were down across the board during the week ended May 12, with refinancing taking the biggest hit. MBA’s Market Composite Index, a measure of loan application volume, fell 4.1 percent on a.

U.S. mortgage application activity hit a five-week low even as home borrowing costs were little changed from the prior week, Mortgage Bankers Association data released on Wednesday showed. The.

Freddie Mac raises origination forecast based on lower rates, more refis The last time purchase money mortgages constituted more than half of the primary market was in 2000, according to Frank Nothaft, vice president and chief economist at Freddie Mac. The purchase-refi origination mix is expected to shift from roughly 60% purchases and 40% refis on average in 2013 to 40%-60% on average next year, according to.FinLocker makes moves to support loan data management RBC seeks to join Canada mortgage-bond fray on nonprime deal SoFi reboots its mortgage business with new name, updated processes "As previously disclosed, CIT continues to evaluate strategic options for the Financial Freedom business." Proia confirmed that Financial Freedom is not accepting new servicing and is allowing its.Equitable group stock soars after deal to borrow up to $2 billion from banks. equitable group shares soared on Monday after the alternative mortgage lender said it reached a deal to borrow up to $2 billion, if needed, from a syndicate of Canadian banks. RBC seeks to join Canada mortgage-bond fray on nonprime dealFinLocker is a secure financial data and analytics platform where a consumer can share access to financial information to streamline the lending process for the lender and consumer.

Mortgage rates hit their lowest. of total loan application volume – increased 1.3 percent from a week earlier. The.

According to the MBA’s latest Weekly Mortgage Applications Survey, the refinance share of mortgage activity declined to 44% percent of total applications, the lowest that figure has been in more.

Mortgage applications hit 12-year low as refi boom dries up. after the Fed signaled it was preparing to dial back its stimulus program – have "whacked" refinance. to all Inman content.

Refinance application share hits eight-year low: mba miles Contents Stats show mortgage applications revenue dip flags rapidly growing disney crowds Mortgage bankers performance Application volume for homebuyers was.

The recent drop in mortgage rates has revived interest from homeowners to refinance their mortgages. MBA. gauge of application activity to buy a home, a proxy for future home sales, fell 1.0.

U.S. mortgage applications fall as refinance hits five-year low: MBA. The refinance share of total mortgage activity slipped to 65 percent from 66 percent the previous week, while adjustable-rate mortgages rose 8.3 percent last week to the biggest share since July 2008. The MBA typically reports its weekly application data on Wednesday,

Among consumers managing debt, buying a home is a low priority Since a debt consolidation loan lowers your credit score, your interest rate might be more than it would have been before consolidation. If your credit score was low before the consolidation, you may not qualify for a mortgage at all. Conventional mortgages typically look for a credit score of 620 or higher.

Such has been the divergence that the premium demanded by investors to hold Italian risk over Spain’s hit its widest in over 20 years. “We are very close to record low. their share of the ECB’s 2.6.