Friday , 2 June 2017
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Lenders Loosen up as Refis Tank

In July, lenders loosened up their underwriting standards more than they have in yeas as purchase mortgages overtook refinancing as the leading source of mortgage originations according to Ellie Mae’s July Originations report. Read More »

Mortgage Defaults Boost Bank, Credit Union Failures

Thanks to a jump in bank failures and a continued worsening trend in the credit union sector, quarterly mortgage-related casualties rose to the highest level in a year. The forecast is for a decline in bank failures and an increase in credit union and non-bank closings. 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 »

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