Sentences with phrase «as home mortgage volume»

During the financial crisis, as home mortgage volume fell dramatically, banks turned to auto loans to make up for the lost revenue.

Not exact matches

Despite joining the mortgage industry in just 2016, he was honored by the Scotsman Guide, a prestigious source for professionals in the home loan field, as one of 2017's top 50 loan originators in the country for VA volume.

The net dollars of home equity converted to cash as part of a refinance of a conventional, prime - credit home mortgage was an estimated $ 7.5 billion in the U.S. during the second quarter, similar to the first quarter level, but substantially less than during the peak cash - out refinance volume of $ 83.7 billion during the second quarter of 2006.

The FHA has seen a greater volume of reverse mortgages, known as home equity conversion mortgages, or HECMs.

More stringent regulations and practices from the CFPB have influenced how lenders make loan decisions and have left consumers facing tougher criteria to secure a home mortgage as lenders have reduced their mortgage volume.

That market is made up of high volume purchasers such as Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) as well as private institutions.

And although the total volume of short sales and foreclosures has declined since the height of the Great Recession, 3.6 million owners nationwide remained underwater as of midyear: Their home values were less than their mortgage balances, according to the analytics firm CoreLogic.

The decline in mortgage volumes probably overstates the decline in home buying activity, as some buyers purchase their homes using cash and do not need financing.