Tag Archives: Refinances

John Dunnery of Community Loan Servicing found that the servicing sector took lessons from the past and employed them to deal with the pandemic. He shares his thoughts in an exclusive chat with DS News.

Rates remain below the 3% mark as a slight uptick in apps proves more are jumping into the refi ring before an inevitable rise in the coming weeks.

As the nation recovers from the pandemic of the past year, Fannie Mae forecasts a spring full of economic growth and an even-keeled housing market.

According to a new report by Moody’s Investor Service, Freddie Mac loans refinanced under the Home Affordable Refinance Program will continue to outperform pre-crisis Freddie loans that did not enter the program, but will also continue to lag behind post-crisis ...

With 2018 on the horizon, the mortgage and servicing industry is taking stock of what’s come before and bracing to meet the obstacles—and the opportunities—lying ahead.

According to new analysis of GSE loan performance data, refinances may be, in large part, to blame for the housing crisis. An uptick in “using homes as ATMs” lead to sloppier underwriting and an uptick in defaults on refis leading up to the collapse. Refis were significantly more likely to be seriously delinquent than purchase loans during this time.

Though prices are up and mortgage rates are rising, housing is still pretty affordable—at least by historical standards. According to new data, the beginning of 2017 saw steady credit access, rising borrower FICO scores, and a decline in refinance transactions. The average FICO score of a first-time GSE buyer in January was 739.7.

Michigan-based United Wholesale Mortgage (UWM), one of the nation's fastest growing wholesale lenders, announced on Tuesday the rollout of its newest product: Investor Edge, an offering designed specifically for borrowers seeking to purchase or refinance non-owner occupied investment properties.

Low mortgage interest rates helped elevate refinance volumes throughout the third quarter as demand for the government's relief refinance program continued to diminish.

Looking at the larger economic picture, the economists predict a 3 percent growth rate for gross domestic product (GDP) in 2015, which would mark only the second year in the past decade in which growth was at 3 percent or higher.