Tuesday , 18 December 2018

Mortgage News Daily

Mortgage News Daily

Mortgage Applications: Trade Fears Drive Rates Lower, Borrowers Respond

By Jann Swanson Posted To: MND NewsWire Borrower activity continued to pick up last week as interest rates retreated to September levels and mortgage applications extended their recent winning streak. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, increased 1.6 percent on a seasonally adjusted basis during the week ended December 7. On …

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White House Nominates Calabria as New FHFA Chief

By Jann Swanson Posted To: MND NewsWire Almost exactly 10 years after he helped pass the legislation that established the Federal Housing Finance Agency (FHFA), Mark Anthony Calabria has been nominated by the White House to be its director. If his nomination is confirmed by the Senate, Calabria, currently the Chief Economist in the Office of the Vice President, will …

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Mortgage Rates Flattening Out After Much-Needed Winning Streak

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates rose almost imperceptibly today, with a few lenders not showing any detectable changes from yesterday. Still, it was the first time since November 30th that rates were higher than the previous day (on average). Today’s move was so small that most lenders accounted for it in the form of upfront …

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September Delinquencies Mostly Unaffected by Disasters, Eased Underwriting

By Jann Swanson Posted To: MND NewsWire CoreLogic reports that mortgage delinquency rates were little changed in September. The percentage of mortgage loans that were 30 or more days delinquent and including those in the process of foreclosure declined by 0.6 percentage point on an annual basis, to a national rate of 4.4 percent. Early delinquencies, those 30 to 59 …

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