Google+
Yahoo finance API is not available right now, please try again soon...
Home | Tag Archives: Mortgage Applications (page 8)

Tag Archives: Mortgage Applications

Credit Union Mortgage Association will Offer Harmony Loan to Members

Virginia-based mortgage product provider Mortgage Harmony Corp announced last Tuesday it will partner with Credit Union Mortgage Association (CUMA) to enable the company to offer the Harmony Loan to its members. CUMA, also based in Virginia, is a full-service mortgage company that originates and services loans for its members through a private label model.

Read More »

MBA Sees Sharp Jump in Purchase Activity Led by FHA Loan Apps

The Mortgage Bankers Association's (MBA) index of loan applications for home purchases jumped 9.3 percent last week as mortgage interest rates dropped again. It's the highest reading for purchase activity since the expiration of the homebuyer tax credit, and could signal a rebound in home sales ahead. The increase was led by a 17.2 percent upsurge in Federal Housing Administration (FHA) applications, as borrowers sought to beat the agency's October 4th effective date for higher credit score and down payment requirements.

Read More »

Mortgage Refinance Apps Decrease Despite Decline in Rates

The volume of mortgage loan applications last week declined 0.8 percent, the Mortgage Bankers Association (MBA) reported Wednesday. The drop was manufactured by a falloff in consumer demand for mortgage refinancing, despite the fact that interest rates again declined to new record-lows. For the week ending September 24, MBA's refinance index decreased 1.6 percent. The purchase index rose 2.4 percent.

Read More »

Low Credit Scores Blocking 1/3 of Americans from Homeownership

Nearly one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low, making homeownership out of reach for many, according to the online real estate marketplace Zillow. The company analyzed more than 25,000 home purchase requests during the first half of September and found that borrowers with credit scores under 620 were unlikely to receive even one loan quote, even if they offered a down payment of 15 to 25 percent.

Read More »

Mortgage Applications Fall 1.4% in Latest MBA Weekly Survey

The volume of home loan applications submitted to lenders last week fell 1.4 percent compared to the week prior, according to the Mortgage Bankers Association (MBA). Overall mortgage activity was marred by a drop in both refinance requests and home purchase applications despite the fact that interest rates headed lower.

Read More »

Mortgage Demand Wanes Even as Interest Rates Head Lower

Mortgage application volume has fallen for the second straight week, led by a steep drop in home loan refinances even as mortgage interest rates edged downward again. The Mortgage Bankers Association reported Wednesday that its measure of new mortgage applications decreased 8.9 percent for the week ending September 10, 2010. That follows a 1.5 percent drop in home loan applications the week prior.

Read More »

Home Purchase Apps Increase, Refinances Slip as Rates Edge Up: MBA

The Mortgage Bankers Association (MBA) reported Wednesday that its index of home purchase applications jumped 6.3 percent for the week ending September 3, 2010, reaching its highest level since the end of May. Purchase activity, though, is still nearly 40 percent below what it was this time last year. Refinance applications, on the other hand, fell 3.1 percent as interest rates edged up slightly - their first drop in six weeks.

Read More »

Five Brothers Simplifies Mortgage Documentation with DocPRO

Five Brothers, a provider of commercial and residential mortgage default management solutions, recently released its DocPRO Document Delivery Solution, which the company says speeds and simplifies the preparation, delivery, notarization, and tracking of mortgage documents. The company's CEO explained that the new technology saves clients both time and money with minimal effort on the client's part.

Read More »

Mortgage Applications Increase as Rates Hit New Low

Mortgage interest rates have dropped to their lowest level in decades, and even with tight credit conditions, more borrowers are beginning to take advantage. The Mortgage Bankers Association (MBA) reported Wednesday that its index measuring mortgage loan application volume increased 2.7 percent for the week ending August 27, 2010, after interest rates dropped yet again. Refinance activity was up 2.8 percent, while home purchase applications rose 1.8 percent.

Read More »
Scroll To Top