Delinquencies Still Double Pre-Pandemic Rate

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.7 percent in October compared to a 17.4 percent gain in September. The portfolio balance at the end of the period was $3.179 trillion compared to $3.137 trillion the...

Refinance Share Increases as Borrowers Try to Outguess Fed

The Mortgage Bankers Association (MBA) reports that the volume of loan applications submitted during the week ended November 19 increased slightly, continuing the weekly up and down pattern that has prevailed since the beginning of October. MBA says its Market...

New Home Sales Rose in October. Sort of.

New home sales improved slightly on the unexpected, reported surge in September and still managed to disappoint. The U.S. Census Bureau and the Department of Housing and Urban Development report that sales of new single-family homes ticked up 0.4 percent in October to...

Refinancing Share Dominated September Originations

Refinancing continued to account for the largest share of mortgage originations in September, 53 percent of the total compared to 52 percent in October. ICE Mortgage Technology’s Origination Insights Report said this was the largest share for refinancing since...