The 30-year fixed-rate mortgage dipped again last week to a 2.77 percent average with an average 0.6 point, reported Freddie Mac, McLean, Va.
Category: News and Trends
CFPB, FHFA Release Updated Data from National Survey of Mortgage Originations
The Consumer Financial Protection Bureau and the Federal Housing Finance Agency published updated loan-level data for public use collected through the National Survey of Mortgage Originations.
Paul Anselmo of Evolve Mortgage Services: Defragmenting the Digital Closing Process
Paul Anselmo is CEO and founder of Evolve Mortgage Services, Frisco, Texas, a provider of outsourced mortgage platforms. He has more than 30 years of experience in the banking and mortgage industries. Previously he served as president, CEO and founder of Mortgage Resource Network (MRN), a business process outsourcer and technology provider to the mortgage industry. In 2019, he was honored as a “Lending Luminary” by the PROGRESS in Lending Association.
Quote
“With global market uncertainty surrounding the Delta variant of COVID-19, we saw 10-year Treasury yields drift lower and consequently mortgage rates followed suit.”
–Sam Khater, Chief Economist at Freddie Mac.
MBA: Multifamily Lending Hits $360 Billion in 2020
Last year 2,140 different multifamily lenders provided a total of $359.7 billion in new mortgages for apartment buildings with five or more units, the Mortgage Bankers Association reported.
Commercial and Multifamily Mortgage Delinquencies Declined in July
Delinquency rates for mortgages backed by commercial and multifamily properties declined in July, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
MBA Weekly Applications Survey Aug. 4, 2021: Applications Decrease
Mortgage applications decreased 1.7% from the week before, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending July 30, 2021.
Homeowner Equity ‘Surges’ During Second Quarter
ATTOM, Irvine, Calif., found 34.4 percent of mortgaged residential properties in the United States were considered “equity-rich” in the second quarter, up from 27.5 percent a year before.
Industry Briefs Aug. 6, 2021
CoreLogic, Irvine, Calif., said its analysis of homebuyer migration trends in 2020 found coastal metro areas in Florida such as Lakeland and Tampa ranking highest, as many moved away from large coastal areas such as New York, Los Angeles and San Francisco.
MISMO Seeks Participants for Next Generation 4.0 Reference Model Workgroup
MISMO®, the real estate finance industry’s standards organization, seeks participants for a new development workgroup for the Next Generation 4.0 Reference Model.