Originations

Potential home buyers walk past an "Open House" sign displayed in the front yard of a property for sale in Columbus, Ohio.
Tobias Peter
June 8, 2020 10:05 AM

One segment of the market, at least, has proved more resilient than many feared early on in the crisis.

3 Min Read
The mortgage giants Fannie Mae and Freddie Mac traditionally have not purchased loans that are in forbearance.
April 21, 2020 4:58 PM

Efforts to calm lenders’ fears about coronavirus-related forbearance may not offset tightening standards, and the FHA is less likely to boost volume than it was during the financial crisis.

7 Min Read
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Kate Berry
April 16, 2020 5:28 PM

The nation's largest bank is temporarily reducing its exposure to the mortgage market amid rising unemployment and estimates that home prices could drop by 10%.

2 Min Read
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Glenn McCullom
March 25, 2020 10:10 AM

There was a nearly 30% week-to-week decline in loan applications as Americans reacted to the uncertainty, both economic and medical, from the spread of COVID-19, according to the Mortgage Bankers Association.

2 Min Read
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Brad Finkelstein
March 17, 2020 1:42 PM

Mortgage applications to purchase new homes took a small step back in February from record levels during the previous month, but further positive momentum could be blunted by the coronavirus.

2 Min Read
Bonnie Sinnock
March 13, 2020 6:38 PM

The Conference of State Bank Supervisors on Friday launched a centralized link to state websites highlighting information relevant to business continuity plans for licensed mortgage loan officers.

1 Min Read
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Glenn McCullom
March 12, 2020 11:17 AM

Paradoxically, mortgage rates actually increased this past week, even as the 10-year Treasury yield plumbed new depths, likely because lenders are too busy to handle the influx of applications.

2 Min Read
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Glenn McCullom
March 11, 2020 10:53 AM

The Mortgage Bankers Association raised its refinance projections for 2020, a move precipitated by an application volume increase of 55.4% from one week earlier.

2 Min Read
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Bonnie Sinnock
March 5, 2020 1:17 PM

Endorsements of Home Equity Conversion Mortgages fell nearly 14% on a consecutive-month basis in February after a January surge, but stayed relatively strong compared to average levels last year.

1 Min Read
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Glenn McCullom
March 5, 2020 11:14 AM

Mortgage rates hit their lowest point since Freddie Mac began tracking this data in 1971, as the 10-year Treasury yield fell below 1% after the Federal Open Market Committee's surprise short-term rate cut.

2 Min Read