A recent report from CoreLogic further examines the refinance option for outstanding first mortgages in the CoreLogic servicer-contributed database.
Read More »Freddie Mac Portfolio Expands at Highest Monthly Rate in Five Years
Freddie Mac's total mortgage portfolio ended 2014 on a strong note with its highest annualized growth rate for a single month in five years, according to the enterprise's December 2014 Monthly Volume Summary released Thursday.
Read More »HARP Modifications Dwindle; Overall Refi Activity Way Down
Monthly refinance numbers moved in fits and starts throughout 2014, bouncing between a low of 105,059 in March and October's year-to-date high—though the trend in the year's latter half was largely upward as mortgage rates fell to nearly 4.0 percent.
Read More »HARP Volume Drops Despite Increase In Refinances
Declines in mortgage interest rates helped spur a pickup in refinances in August, even as interest in the Home Affordable Refinance Program (HARP) continues to wane.
Read More »HARP Refinancing Activity Continues Decline
In a recent release, the agency reported a combined total of 119,699 refinances were completed at Fannie Mae and Freddie Mac in July, slightly down from the figure reported for June. While low compared to the boom in recent years, refinance volumes over the last few months have shown more life than earlier this year as mortgage interest rates have hovered in the low 4.0 percent range.
Read More »FHFA to Stage HARP Outreach Meeting in Detroit
In an effort to sign more eligible homeowners up for the Home Affordable Refinance Program (HARP), the Federal Housing Finance Agency (FHFA) is holding its third HARP outreach event on October 2 in Detroit.
Read More »Total Refi Volume Inches Upward While HARP Numbers Decline
The total number of mortgage refinances in the U.S. experienced a slight increase in June as mortgage rates dropped from May, according to the Federal Housing Finance Agency's (FHFA) Second Quarter 2014 Refinance Report. HARP-refinanced homes made up only about 15.7 percent of total refinances in Q2.
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