ICE: Time to Close Falls 4th Straight Month

ICE Mortgage Technology, Pleasanton, Calif., issued its Origination Insight Report for April, showing average time to close on all loans fell for the fourth consecutive month to 51 days.

Housing Report Roundup

Welcome to the Friday Housing Report Roundup. Click on the link to see what’s happening.

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.