Prepayment Worries Ease With Drop In Refi Applications (Have Mortgage Applications Run Out Of Gas?)

by confoundedinterest17 (Bloomberg) — Fewer homeowners are looking to refinance and mortgage securities investors are likely to benefit. The Mortgage Bankers Association refinance applications index dropped 7.2% in the latest report, its largest weekly decrease in three months. Looking ahead to next week’s prepayment speed report for May, …

READ MORE

Housing Starts And Applications Both Down

by Chris These are very noisy data series, so they could easily jump again next month, but the higher mortgage rates and rising house prices are a double whammy for home purchasers, especially first-time buyers. Here’s the data from today: …

READ MORE

428,400 Foreclosures In First Six Months Of 2017, Mortgage Applications Tanking, Rates Jump, IMF Cuts 2017 Growth Forecasts

DC Foreclosure Activity Increases 60 Percent From Year Ago, Bucking U.S. Trend; Q2 Foreclosure Activity Below Pre-Recession Levels in 49 Percent of Metros IRVINE, Calif., July 20, 2017 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released …

READ MORE