Tag Archives: activity

Mortgage origination activity drops to a 22-year low

The mortgage industry’s 2022 slide in originations continued, with numbers falling last week to levels not seen since the Clinton administration, according to the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of mortgage activity based on surveys of association members, dropped a seasonally adjusted 6.5% for the weekly period ending June 3. […]

Mortgage applications rise despite higher rates Purchase activity has now increased for two straight weeks

Prospective homebuyers aren’t deterred by the skyrocketing mortgage rates amid a slow start to the spring home-buying season this year. The Market Composite Index, a measure of loan application volume, rose 2 percent on a seasonally adjusted basis for the week ending May 6, from the previous week, according to the Mortgage Bankers Association. Conventional, Federal Housing Administration (FHA) and Veterans […]

Mortgage M&A activity shows mixed responses to market change

Planet Home Lending on Friday announced that it agreed to buy certain assets of Homepoint delegated correspondent channel, into which other lenders have been selling closed loans underwritten to the buyer’s standards. Under the terms of the deal, Homepoint’s publicly-traded parent company will receive $2.5 million in cash plus an earnout based on origination volume […]

What’s happening with commercial loan activity?

The commercial lending market is performing well, with government stimulus helping to boost demand for construction and development loans, according to Aquamore. The non-bank lender has been funding small to medium businesses with short-term property-backed loans since 2016 Aquamore head of third-party distribution Matthew Porch (pictured) said with the federal election looming, the government was […]

We’ve seen a contraction of 70% in refinance activity, says Valley Bank CEO Robbins

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. Ira Robbins, Valley Bank CEO, joins ‘Power Lunch’ to discuss the impact of rising mortgage rates on regional banks and consumers refinancing their mortgages. source