Ellie Mae, Pleasanton, Calif., said refinance activity reached a record high in March for millennial borrowers as interest rates plummeted.
Tag: Refinances
Ellie Mae: Refis Grow as Interest Rates Continue to Drop
Ellie Mae, Pleasanton, Calif., said as interest rates continued to decline in March to the lowest percentage since January 2013, it drove up the percentage of refinances.
Ellie Mae: Older Millennials Drive February Refinance Surge
Older Millennials—and yes, there is such a thing—took advantage of near record-low interest to spark a surge in refinancings, according to the Millennial Tracker report from Ellie Mae, Pleasanton, Calif.
ATTOM: 4Q Refinances More than Double
ATTOM Data Solutions, Irvine, Calif., reported 1.27 million refinance mortgages secured by residential property originated in the fourth quarter, up 20 percent from the third quarter and up by 104 percent from a year ago to the highest point since third quarter 2013.
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.
MBA Doubles 2020 Refinance Forecast
The Mortgage Bankers Association this week issued its revised Mortgage Finance Forecast and Economic Forecast, in which MBA doubled its previous 2020 refinance mortgage originations projections.
MBA Doubles 2020 Refinance Forecast
The Mortgage Bankers Association today issued its revised Mortgage Finance Forecast and Economic Forecast, in which MBA doubled its previous 2020 refinance mortgage originations projections.
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: 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.
Gen Z Displays Strong Appetite for Credit; Millennials Refinance Less (For Now)
TransUnion, Chicago, said Generation Z consumers—those born in or after 1995—are actively seeking credit despite many of them growing up during severe economic recessions in their respective global markets.