In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.
Tag: Purchase Originations
MBA Forecast: 2020 Best Year For Industry Since 2003; 2021 Purchase Originations to Increase to Record $1.54 Trillion
In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.
MBA Forecast: 2020 Best Year For Industry Since 2003; 2021 Purchase Originations to Increase to Record $1.54 Trillion
In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.
ATTOM: Refis Make Up 2/3 of 2nd Quarter Loans, Highest Level in 7 Years
ATTOM Data Solutions, Irvine, Calif., released its second-quarter U.S. Residential Property Mortgage Origination Report, showing 1.69 million refinance mortgages secured by residential properties (1 to 4 units) originated, up nearly 50 percent from the prior quarter and more than 100 percent from a year ago, to the highest level in seven years.
Fannie Mae: Lenders’ Demand Expectations for Purchase Mortgages Down ‘Significantly;’ Refis ‘Strong and Stable’
The latest Fannie Mae Mortgage Lender Sentiment Survey found mortgage lenders’ profit margin outlook for the next three months fell slightly but remained positive due to strong reported refinance demand.
Mortgage Fraud Risk Falls to New Low
First American Financial Corp., Santa Ana, Calif., said frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 3.0 percent from December to the lowest level since the company began tracking such data in 2011.
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.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell last week from one week earlier, even as key interest rates held below 4 percent, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 29.
Mortgage Applications Increase in MBA Weekly Survey
Mortgage applications increased from one week earlier as key interest rates stayed below 4 percent, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 22.
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.