Mortgage Lenders Reporting Higher Compliance Spending

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Mortgage lenders reported a median increase of 29% in their regulatory compliance spending. This is revealed by the Mortgage Lender Sentiment Survey for the third quarter of 2014 conducted by Fannie Mae in August of this year. The survey was

Lower Interest Rates Boost Mortgage Applications

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Mortgage applications in the United States rose by 5.6% in the week ended October 10th from the previous week while the average interest rate for a 30-year fixed mortgage dropped to its lowest level since June 2013. This is revealed

Wells Fargo with Increase in Mortgage Originations in the Third Quarter


The largest mortgage lender in the United States, Wells Fargo, reported an increase of $1 billion in its mortgage originations in the third quarter of 2014 compared to the second quarter. In the third quarter, mortgage originations were $48 billion

Small Apartment Mortgages from Freddie Mac


Freddie Mac plans to originate mortgage loans for small apartment units between $1 million and $5 million. This was announced in a statement made by the head of multifamily operations in the government-sponsored enterprise David Brickman. This step is made

No Change in the Demand for Mortgages for Purchasing New Homes in September


The volume of mortgage applications for the purchase of a new home remained flat in September relative to August. This is revealed by the Builder Application Survey for September 2014 of the Mortgage Bankers Association. The survey provides early data

Mortgage Rates Fell Down Close to Their Annual Lows


The average interest rate on a 30-year fixed-rate mortgage loan was 4.12% in the week ending October 9th, according to the Primary Mortgage Market Survey compiled by Freddie Mac. It dropped down from 4.19% during the previous week. During the

Mortgage Applications Increase Once Again

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There was an increase in the mortgage applications of 3.8% on a seasonally adjusted basis in the week ending October 3rd compared to the previous week, according to the weekly survey of the Mortgage Bankers Association. The was the first

Seniors with Outstanding Mortgages Experiencing Greater Housing Cost Burden with Aging

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Nearly 33% of seniors who are aged between 50 and 64 and still pay off their mortgage loan feel at least moderate housing cost burden, according to a recently introduced report of the Joint Center for Housing Studies at Harvard

Mortgage Loan Age Higher Than Ever


The average age of an outstanding mortgage loan in 2014 is 54 months, according to the Mortgage Monitor report of Black Night for August. The report states that this is the highest outstanding mortgage age to date. The mortgage loans

Growth in Second Mortgages in 2014


The volume of second mortgages increased by 25% during the second quarter of 2014 from its level during the second quarter of 2013, according to the Experian-Oliver Wyman Market Intelligence Report. The origination volume was $35 billion. The growth in


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