Tag Archives: Refinance

Caliber's jumbo loan borrowers may qualify for up to $3 million in loan funds with as little as 5 percent down and a 700 FICO score by using this product.

The new changes announced by Ginnie Mae are meant to protect veterans from predatory loan practices and ensure fair lending.

As a Deputy Chief Economist at Fannie Mae, Dr. Palim is responsible for overseeing the Economic and Strategic Research Group’s forecasting functions. He also manages multi-disciplinary partnerships across the company to address specific business issues facing Fannie Mae. Dr. Palim ...

Technological innovation is changing the way the mortgage industry works, and the model followed by lenders who have embraced technology such as end-to-end online mortgage application and approval processes have made lending a less risky prospect, according to a report ...

Refinance loans saw more closings than any other mortgage loan in January, with refis representing 45 percent of all closed loans, according to the monthly Origination Insight Report published by Ellie Mae on Wednesday. The percentage of FHA refinances increased to 28 percent of ...

More borrowers refinanced through FHFA’s HARP program in November on the back of mortgage rates that remained lower in October 2017, according to an FHFA report.

What are the trends that will define the year to come? ValueInsured Founder and CEO Joe Melendez sets his sights on the shape of the 2018 housing and mortgage market.

The drop in HARP refinance volume follows a spike in Q3 and Q4 2016. The FHFA reports that borrowers completed 13,425 refinances through the Home Affordability Refinance Program (HARP) in Q1 2017, bringing the total amount of HARP refinances to 3,461,096. Of all refinances that quarter, HARP represented 3 percent.

According to a report from the Federal Housing Finance Agency, total Refinance volume has dropped as mortgage rates have risen. In February 2017, borrowers completed 4,198 refinances through HARP, and since HARP’s inception in 2009, the program has made 3,456,422 refinances. HARP represented three percent of total refinance volume, and six percent of loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.

A new study suggests that after the Fed began quantitative easing in 2008, many lenders began leaning more toward refinancing applicants than those seeking new purchase loans. This was likely due to the stronger payment history and less risk associated with these applicants. Weaker, less-capitalized banks were more likely to follow the trend.