Here is the latest Housing Finance Roundup, with summaries of reports from Ellie Mae; First American Financial Corp.; Bankrate.com; Zillow; and Redfin.
Tag: Jonathan Corr
Ellie Mae: Refi Market Steady as Interest Rates Continue to Drop
Interest rates hit record lows last week—but they were already low in May, said Ellie Mae, Pleasanton, Calif., resulting in steady refinancing volume.
Housing Finance Roundup
This week has produced more housing finance reports than you can shake a stick at. Here’s a roundup and summary of what’s happening of reports from Ellie Mae; ATTOM Data Solutions; Redfin; Radian Inc.; TransUnion; Black Knight; Zillow; and PayNearMe.
Ellie Mae: Refis, Closing Rates Up
Mortgage interest rates are low—you know that; refinancings have been going through the roof—and if you’ve been following the Mortgage Bankers Association’s Weekly Applications Survey or the activity in your office, you know that, too. But Ellie Mae, Pleasanton, Calif., has another stat you might be interested in: closing times, which have also dramatically improved.
Ellie Mae: January Refis Hold Steady; Closing Rates Increase
A slight drop in interest rates in January stabilized refinance activity and improved closing rates, said Ellie Mae, Pleasanton, Calif.
Ellie Mae: Interest Rate Rise Sparks Jump in Purchase Originations
The company’s monthly Origination Insight Report said purchase loans accounted for 54 percent of total closed loans in December, up from 51 percent in November and the 2019 low of 49 percent in September.
Ellie Mae: October Refis Show Strength
Ellie Mae, Pleasanton, Calif., said refinances accounted for the highest percentage of closed loans in October since March 2015.
MBA Opens Doors Posts Another Record Year of Fundraising
The MBA Opens Doors Foundation announced it raised $644,000 during the Mortgage Bankers Association’s 2019 Annual Convention and Expo, held in Austin, Texas, Oct. 27-30.
MBA Opens Doors Foundation Announces 2019 Award Winners
AUSTIN, TEXAS–The MBA Opens Doors Foundation announced its 2019 annual awards, which recognize those who have made lasting contributions to advance the Foundation’s mission of providing mortgage and rental assistance grants to parents and guardians caring for critically ill or injured children.
Ellie Mae: Low Rates Drive September Refi Rate
Ellie Mae, Pleasanton, Calif., released its monthly Origination Insight Report, showing falling interest rates drove the refinancing rate for closed rates to nearly 50 percent.