Ellie Mae, Pleasanton, Calif., said refinance activity climbed to 45% of all loans closed by millennial borrowers in November, up three percentage points from October to the highest percentage since May.
Tag: ICE Mortgage Technology
Industry Briefs Nov. 25, 2020
The Federal Housing Finance Agency released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2020.
Ellie Mae: Low Rates Sustain Refi Surge
Ellie Mae, Pleasanton, Calif, said interest rates below 3 percent pushed the share of refinances of closed loans to a record 60 percent in October.
Industry Briefs Nov. 17, 2020
The Federal Housing Finance Agency released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2020.
MBA Annual20: What 2020 Has Taught Us About Technology
Higher volume, lower interest rates and social distancing are changing customer expectations and mortgage industry technology.