Sentences with phrase «home loan applications increased»
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Columnist Daniel Indiviglio notes that the overall influence government backed mortgage loan programs on the U.S. home loan industry and housing markets is increasing: «Last week, they [FHA and VA purchase mortgage applications] accounted for 42.8 percent of purchase applications.»
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Applications for FHA home loans, refinance mortgage loans, and HECM (reverse mortgage loans) increased during March.
By understanding the different types of loans, how to prepare yourself for the loan application and to purchase a home, you can increase your chances of obtaining a competitive mortgage and interest rate.
This resulted in a slight increase in home equity loan application volumes.
California mortgage brokers reported a slight drop in second mortgage rates and the volume for home equity loan applications increased slightly for this period.
He further went on to state that, «While it is clear that home loan applications in May dropped sharply as a result of the tax credit induced increase in applications in April, it is unclear whether we are seeing the beginnings of a rebound now.»
Mortgage processors and underwriters can expect 2018 to bring a slight increase in purchase loan volume, a considerable reduction in refinance activity, and an influx of home equity loan applications.
Yet, while home loan applications declined between 2004 and 2015, loan approval rates (the share of applications that are ultimately funded or originated) increased during the same period among all applicant groups.