New mortgage activity took a dip this week, with inquiries for jumbo mortgages leading the pack. The decline came despite a new low for mortgage rates — which could fall even lower. But one category — adjustable-rate mortgages — actually experienced an uptick. The average mortgage loan originator pulled 6 percent fewer pricing inquiries during [...]
Posts Tagged ‘Decline’
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ARM Activity Expands Despite Lending Slump
July 21st, 2012 
davidguide 
Posted in Business Loans 
Tags: adjustable rate mortgages, ARM, Decline, loan inquiries, Mortech, Mortgage, mortgage activity, mortgage loan originator, Pack, percent, Slump 
Comments OffNon-Agency Loans Drive Decline in Distressed Balances
June 27th, 2012 davidguide Since topping out in early 2010, the aggregate amount of severely delinquent mortgages has fallen by more than half. The improvement has been primarily concentrated in non-agency loans. Outstanding distressed loans are expected to return to pre-crisis levels within two years. As of May, $450 billion in residential first mortgages were at least 90 days [...]
Posted in Business Loans Tags: crisis levels, Decline, delinquent mortgages, distressed loans, Foreclosure Comments OffMortgage Business Declines, Record Rates Ready to Rise
June 23rd, 2012 davidguide A new low for mortgage rates wasn’t enough to stimulate new loan activity. But jumbo business managed a gain despite continued deterioration in the premium for jumbo financing. Record rates are set to rise in the next report. Mortgage loan originators were less busy this past week, pulling 3 percent fewer pricing inquiries than they [...]
Posted in Business Loans Tags: Business, Decline, June, loan activity, Mortech, Mortgage, mortgage business, mortgage loan originators, percent, premium, report mortgage Comments OffCorrespondent Retreat Hurts PHH Production
May 2nd, 2012 davidguide A quarterly decline in mortgage originations at PHH Corp. was primarily the result of an earlier decision to reduce its reliance on the correspondent lending channel. The company’s pipeline of locked applications ready to close point to an even slower second quarter. But with widening profit margins and a “robust” retail pipeline, PHH’s chief was [...]
Posted in Business Loans Tags: correspondent lending, decision, Decline, lending, mortgage originations, phh corp, Profit, profit margins, quarterly decline, result, Retreat Comments OffIssuance Softens at Ginnie
June 29th, 2011 davidguide The issuance of mortgage-backed secuties at Ginnie Mae was down around a billion dollars in May. Compared to year earlier issuance was off approximately $8 billion. The month-over-month decline applied to single-family, home-equity conversion mortgage and multifamily securitizations. View full post on Mortgage Stories
Posted in Business Loans Tags: conversion, Decline, equity conversion mortgage, ginnie mae, home equity conversion, home equity conversion mortgage, Issuance, post, Softens, View Comments OffJumbo Rates Improve
June 25th, 2011 davidguide The conforming 30-year mortgage fell a little more than a basis point in the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended June 24. But an even bigger decline was recorded for the jumbo 30-year mortgage. The disparate movement slashed the jumbo-conforming spread to 43 basis points from 50 BPS [...]
Posted in Business Loans Tags: 30 year mortgage, basis, basis point, com, Decline, jumbo rates, June, Mortech, mortgage market, MortgageDaily Comments Off
