SIGN UP NOW

Refi Applications Fall to 53% of Mix Amid Rate Spike

2022-03-05T03:19:18-08:00Timely|

For the week ending February 11, mortgage applications fell 5.4%, showing what the mortgage market looks like when rates hit 4% for the first time since 2019. The seasonally adjusted refi index from the Mortgage Bankers Association decreased 8.9% from the previous week, reducing [...]

Why Lenders Should Think About Non-QM Now, Not Later

2022-02-16T06:05:35-08:00Timely|

Non-QM loan originations have been projected to hit between $80 billion and $100 billion in 2022, which means there is a hugely untapped market for private lenders in the non-QM loan sector of the lending industry. In an interview with Mike Fierman, the Managing [...]

Mortgage Rates Fall Slowly after a Month-Long Increase

2022-02-04T05:59:40-08:00Timely|

According to the latest Freddie Mac PMMS Mortgage Survey, the average 30-year-fixed rate mortgage fell one basis point from the previous week to 3.55% for the week ending January 27th, 2022. However, it is essential to note that the 30-year fixed-rate mortgage averaged 2.77% [...]

Mortgage Applications Goes 2.3% Higher, with a New Record Average Loan Size

2022-01-29T21:55:19-08:00Timely|

According to the Mortgage Bankers Association (MBA) poll for the week ending Jan. 14, mortgage applications jumped 2.3% from the previous week, majorly due to a robust purchase market. The seasonally adjusted Purchase Index increased 7.9% from the past week, while the Refinance Index [...]

Mortgage Delinquency Rate Goes Back to Pre-pandemic Levels

2022-01-21T01:22:11-08:00Timely|

According to CoreLogic's recent Loan Performance Report, mortgage delinquency rates reached pre-pandemic levels in October due to labor market developments and home equity growth. During the year 2022, rates are expected to continue to fall. In October 2019, 3.8% of mortgages were 30 days [...]

FHFA Hikes Fees for High Balance and Second Home Loans

2022-01-21T01:21:09-08:00Timely|

On January 5, 2022, the Federal Housing Finance Agency implemented additional upfront fees for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Fees for high-balance loans will rise by 0.25% to 0.75%, depending on the loan-to-value ratio. The upfront fees [...]

Section 1071 of the Dodd-Frank Act: A New Regulatory Chapter for Lenders

2022-05-09T05:49:33-07:00Timely|

As the Consumer Financial Protection Bureau (CFPB) is preparing to begin drafting regulations to implement section 1071 of the Dodd-Frank Act, lenders look forward to a new regulatory chapter in the industry, resulting in significant new reporting requirements fair lending examinations and potential enforcement [...]

Go to Top