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Tag Archives: mortgages

Fannie Bets on Builders

Fannie Mae's latest economic outlook for the year is counting on housing to double its contribution to GDP in 2014, largely due to new homebuilding activity. Read More »

Fewer Delinquencies Cost Lenders Jobs

For the past six years, mortgage delinquencies, often a result of homeowners losing their jobs, created employment among mortgage servicers who process delinquencies and defaults. Now the shoe is on the other foot as declining numbers of delinquencies are costing lenders jobs. Read More »

Purchase Mortgages Hit New High

In June the nation's leading residential mortgage platform reported the highest market share of loans were closed for home purchases as opposed to refinancing mortgages in the two years the company has been reporting monthly origination data. Read More »

Mortgages are Coming Home

Since late last year, industry experts forecast a drop in mortgage refinancings as rates rise and a revival of purchase mortgages as the housing recovery creates business for lenders willing to working with home buyers. The spring housing market is here and now the mortgage market is following. Read More »