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 ‘Slump’
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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 OffBiggest Reverse Lender Overcomes Industry Slump
July 17th, 2012 davidguide While government-insured reverse mortgage originations were down for both retail and wholesale lenders during May, the biggest player — MetLife Bank, N.A. — pushed production higher. But with a more than 20 percent market share, MetLife’s upcoming exit from the business is going to leave a gaping hole. Retail-originated home-equity conversion mortgages endorsed during May [...]
Posted in Business Loans Tags: bank, federal housing administration, home equity conversion, mortgage originations, percent, Player, Production, Reverse, reverse mortgage, Slump, wholesale lenders Comments OffRefis Rise Again Despite Purchase Slump
December 10th, 2011 davidguide Inquiries for purchase loans fell 2 percent from last week in the Mortgage Market Index report. But refinances climbed 12 percent over the past seven days. Refinances were even 13 percent stronger than the year-earlier week. View full post on Mortgage Stories
Posted in Business Loans Tags: index report, inquiries, market index, Mortgage, mortgage market, percent, post, purchase loans, refinances, Slump Comments Off
