Purchase loan applications continue to be weaker 'due to the combination of much higher mortgage rates and the worsening economic outlook,' said MBA forecaster Joel Kan
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight
The embattled mortgage company confirmed it had let go of Chad Walker shortly after 3 other executives have recently departed. Nick Taylor will replace Walker as head of the division
As Fed embarks on 'quantitative tightening' to trim $9 trillion balance sheet, interest rates could come under renewed pressure
Demand for purchase mortgages increases for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans
Mortgage lender suspends its quarterly dividend after posting a $91.3 million first quarter loss
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years
Uptick in loan requests is 'potentially a good sign for the spring home buying season, which has seen a slow start thus far' says MBA forecaster Joel Kan
Although Wells Fargo executives did not explicitly mention impending layoffs during a Q1 earnings call on Thursday, the company has been closing branch offices
High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, even though rising mortgage rates could put a dent in sales of existing homes
Despite the fastest one-month rise in mortgage rates in nearly 13 years, purchase lock volume climbed 31% from February likely driven by borrowers moving to secure loans before rates rise
First-time homebuyers who rely on government mortgage programs are 'increasingly challenged' by rapid home price increases and higher mortgage rates
Loan activity dropped 11%, the fastest rate of decline since 2019, according to Attom Data Solutions. Refinance, purchase, home-equity mortgages were down in the fourth quarter of 2021
CEO Anthony Hsieh sees opportunity to grow market share as mortgage industry shifts to providing more loans to homebuyers
Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out