Rising home values and mortgage rates have put the squeeze on home buyers lately, and have reduced mortgage
loan application volume as well.
Total mortgage
application volume rose 1.5 percent on a seasonally adjusted basis for the week from the previous week.
Debt consolidation continues to be the most popular reason listed on approved applications, accounting for 35 percent
of application volume.
Rising home values and mortgage rates have put the squeeze on home buyers lately, and have reduced mortgage loan
application volume as well.
50 - 100 % increase
in application volume capacity and 25 - 50 % reduction in manual reviews with improved credit analyst productivity.
Traditionally,
when application volume goes down, lenders try to compensate by relaxing their standards and putting more loans into the pipeline.
Companies that experience
heavy application volume often use applicant tracking systems to weed out applicants who are an immediate wrong fit or lack the required experience.
Total mortgage
application volume now is 15 percent lower than the same week a year ago, due to the decrease in refinancing activity.
The Mortgage Bankers Association reported that total mortgage
application volume for refinancings and home purchases dropped 1.9 percent on a seasonally adjusted basis compared to the previous week.
But the number of self - employed Americans is growing, and that means lenders will see higher
application volume from nontraditional wage earners.
In February 2012, United States
purchase application volume increased by 18.0 percent from January 2012 and decreased 2.0 percent from the same time last year.
Total mortgage
application volume barely moved last week, up just 0.7 percent on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
Mortgage
application volume decreased 0.4 % during the week ended May 4, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey.
ARMs fell to around 3 % of total
application volume after the housing crisis, as a result of being labeled a «high - risk» mortgage product.
Verification application volumes have been light over the holiday season, which has allowed the IRS and industry to test possible fixes and solutions, according to Rick Hill, vice president for industry technology at the Mortgage Bankers Association.
30 - Year Mortgage Refinancing - We have seen loan
application volumes surge once again as 30 - year mortgage refinance rates are so low that people can't resist getting in line for a lower interest rate.
The Mortgage Bankers Association, which measures loan
application volume through the market composite index, said loan volume increased 7.5 % on a seasonally adjusted basis from a week earlier.
The Mortgage Bankers Association reported that
applications volumes for refinancing had jumped with the news of a double - dip recession.
ARM loan
application volume rose to 7 % the week this article was published (late 2013), according to the Mortgage Bankers Association (MBA).
Fratantoni continued, «Although total
application volume dropped on an adjusted basis relative to last week, refinance volume remains high, with survey participants reporting that the expanded Home Affordable Refinance Program (HARP) contributed to roughly 10 percent of their refinance activity.»
«Surprisingly, refinance
application volume increased for the week, perhaps a sign that homeowners see rates moving away from them and are moving to lock in now before rates increase further,» says Mike Fratantoni, the MBA's chief economist.
Mortgage applications up 7.5 percent A survey that measures mortgage
loan application volume showed an increase of 7.5 percent for the week ending July 4, after an adjustment to account for the holiday, the Mortgage Bankers Association reported.
In economic data, total mortgage
application volume fell 0.2 percent for the week and was 0.8 percent lower than a year ago, according to the Mortgage Bankers Association's seasonally adjusted survey.On Tuesday, U.S. markets finished in the red, with the Dow closing down more than 400 points, while on Wednesday, markets in Europe and Asia were both trading deep in the red.
Source: «
Mortgage Application Volume Rose 1.7 % Last Week - MBA,» Dow Jones Newswires (May 9, 2012) and «79 % of Refinancing Home Owners Maintain or Reduce Mortgage Debt in First Quarter,» RISMedia (May 9, 2012)
Total mortgage
application volume fell 3.3 percent last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted report.
Loan
application volume has dropped sharply in recent months, largely due to a decline in refinancing activity.
The market composite index - a measure of total loan
application volume - slipped 0.7 percent from the previous week.
Mortgage Bankers Association (MBA), refinancing
application volume increased by 21 % during the week ending on July 1, reaching its highest level since January 2015.
According to the Mortgage Bankers Association (MBA), refinancing
application volume increased by 21 % during the week ending on July 1, reaching its highest level since January 2015.
Phrases with «application volume»