Tag Archives: mortgage applications

A Record Year For Mortgages?

The Mortgage Corner First quarter mortgage numbers are in, and we could be having a very good year for mortgage originations, says Equifax, among others. According to Equifax’s report, the total dollar amount of first-mortgage originations during the first quarter … Continue reading

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Record Mortgage Originations in 2015, In Spite of FHFA

The Mortgage Corner In addition to very large Consumer credit borrowing that rose $17.2 billion in February (but excludes mortgage lending), the number of new first mortgages increased to a post-recession high in 2015, according to new data from credit … Continue reading

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No Recession Is In the Cards

Financial FAQs There is a growing consensus among economists that recovery from the Great Recession will continue for several more years. This is in part because there are really no signs of a looming recession. Inflation is still too low, … Continue reading

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Higher Birth Rates Are Here

The Mortgage Corner The mellennial generation, now aged 18 to 36 years, are beginning to drive higher birth rates. And that means more households being formed, which will ultimately create a higher demand for housing. Actually, a 4 million birth … Continue reading

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Pending Home Sales, Mortgage Applications Soar

The Mortgage Corner Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors. Gains in the Northeast and West were offset by small decreases … Continue reading

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Mortgage Delinquencies Close to Pre-Recession Lows.

The Mortgage Corner Calculated Risk reports Black Knight Financial Services (BKFS) released their Mortgage Monitor report for February on Monday. According to BKFS, 5.36 percent of mortgages were delinquent in February, down from 5.56 percent in January. BKFS reported that … Continue reading

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Housing In Recovery-Pending Home Sales Soar

The Mortgage Corner February Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.1 percent to 106.9 in February from a slight downward revision of 103.7 in January and is now 12.0 percent above February 2014 (95.4). … Continue reading

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