The U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended Dec. 23 was 193. It was the slowest week for loan inquiries since the Thanksgiving index of 161. The 30-year mortgage average fell to the lowest on record, but an analysis of market data reported by the Department of the Treasury [...]
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Holidays Dampen Demand, Rates Bounce off Bottom
December 26th, 2011 
davidguide 
Posted in Business Loans 
Tags: com, demand, department of the treasury, loan inquiries, Mortech, mortgage market, MortgageDaily, Rates, Thanksgiving, thanksgiving index 
Comments OffRefis Retreat, FHA Share Up
November 12th, 2011 davidguide Refinance inquiries fell 19 percent from the prior week in the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended Nov. 11. Two-thirds of weekly activity was for refinances. Federal Housing Administration share rose to 10.85 percent from the previous week’s 10.01 percent. View full post on Mortgage Stories
Posted in Business Loans Tags: com, federal housing administration, FHA, Housing, market index, Mortech, mortgage market, MortgageDaily, percent, Retreat Comments OffHome Lending Tumbles
August 8th, 2011 davidguide An analysis of second-quarter data by MortgageDaily.com indicates that industry-wide volume declined around 19 percent from the first quarter. Compared to the second-quarter 2010, volume was down 20 percent. Wells Fargo & Co. ranked as the biggest mortgage lender. View full post on Mortgage Stories
Posted in Business Loans Tags: amp, com, first quarter, home, Mortgage, mortgage lender, MortgageDaily, percent, post, quarter data, wells fargo Comments OffMetLife Lifts Production
July 31st, 2011 davidguide MetLife Home Loans closed around $195 million more in production during the second quarter than in the first quarter. Among lenders tracked by MortgageDaily.com , MetLife is the only company so far to report an increase in production from the first quarter. The company also added 200 mortgage employees during the latest quarter. View full [...]
Posted in Business Loans Tags: com, first quarter, home, home loans, Lifts, MetLife, Mortgage, MortgageDaily, post, quarter view, second quarter 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 OffProvident Production Plummets
June 13th, 2011 davidguide Volume plummeted by 62 percent between the fourth-quarter 2010 and the first-quarter 2011 at Provident Funding Associates LP. In comparison, an analysis by MortgageDaily.com of first-quarter production indicated that fundings at all U.S. lenders were down just 34 percent. Deterioration at Provident was twice as bad as the industry as a whole. View full post [...]
Posted in Business Loans Tags: com, fourth quarter, funding, fundings, MortgageDaily, percent, Plummets, post, provident funding associates, provident funding associates lp, volume Comments OffRefis Strengthen During Holiday Week
June 5th, 2011 davidguide Inquiries for refinances rose 4 percent this week, according to the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended June 3. Refinance share, meanwhile, expanded to 53 percent from 49 percent. The improvement in refinance activity came on the heels of Memorial Day. View full post on Mortgage Stories
Posted in Business Loans Tags: com, market index, Memorial, memorial day, Mortech, mortgage market, MortgageDaily, percent, refinances, Week Comments OffMortgage Market Improves
March 5th, 2011 davidguide Mortgage Market Index for the week ended March 4 was 206, marginally higher than 203 in last week’s report. The index from Mortech Inc. and MortgageDaily.com was 245 during the same week last year. Behind the weekly improvement was a 4 percent increase in purchase activity, while refinance transactions slipped 1 percent. View full post [...]
Posted in Business Loans Tags: com, Improves, market index, Mortech, mortgage market, MortgageDaily, percent, Purchase, week ended march Comments Off
