Mortgage Applications Slow as More Borrowers Wait?
Mortgage application volume slipped 8.2 percent on a seasonally adjusted basis for the week ending January 2, the MBA said today.
On an unadjusted basis, the home loan application index fell 8.9 percent compared to the previous week, but was still up 28.3 percent compared to the same period a year earlier.
The refinance index decreased 12.3 percent, indicating that borrowers may be holding out for even Read more
Fannie, Freddie Foreclosure Starts Fall, But Wait
While mortgage delinquencies inevitably continue to rise, foreclosure starts in relation to those figures have fallen, according to the FHFA September Foreclosure Prevention Report released today.
The report, which covers Fannie Mae and Freddie Mac’s 30.7 million residential mortgages, revealed that loans 60+ days delinquent (including those in BK and foreclosure) increased to 2.21 percent of the total portfolio Read more