New home loan application volume drops for first time in 2017

April New Home Purchase Mortgage Applications Drop 4.3. – On an unadjusted basis, the MBA estimates that there were 50,000 new home sales in April 2017, a decrease of 19.4 percent from 62,000 new home sales in March. MBA’s Builder Applications Survey tracks application volume from mortgage subsidiaries of home builders across the country.

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The Bureau of Consumer Financial Protection (Bureau) is publishing a notice pursuant to the Equal Credit Opportunity Act concerning the new Uniform Residential Loan Application and the collection of expanded home mortgage disclosure act information about ethnicity and race in 2017.

New-home sales declined more than forecast in December U.S. New Home Sales Fell in December – WSJ – New home sales in the U.S. lost steam in December but wrapped up a solid year in a segment of the housing market that has faced tight inventory and fast-rising prices..

Stearns Lending introduces new loan program with lower payments for first two years – Those loan programs all tackle the down payment requirement, as a recent survey showed that many first-time borrowers still believe they are. The lender announced recently that it is rolling out a.

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New-home mortgage app volume rises as price growth slows, rates drop Lower interest rates and slower price growth helped to boost mortgage applications to purchase newly constructed homes during May, the Mortgage Bankers Association said.

In an effort to attract new residents, many states and cities offer first-time homebuyer grants and programs. The aid comes in the form grants that don’t have to be repaid or low-interest loans.

Mortgage rates rise for second consecutive week U.S Mortgages – Up for a 2nd Consecutive Week – Mortgage rates were on the rise in the week ending 6 th September, a second consecutive week of gains coming off the back of 3 consecutive weeks of decline.. Economic data released though the week.

LOAN ORIGINATION FORECAST – Inside the Mortgage Application Volume Data What the latest MBA survey data shows is the Refinance Index also decreased 4 percent from the week prior. As for new homes being purchased, the Purchase Index decreased 7 percent, compared with the prior week – but was still 2 percent higher than the same week in 2015.

Personnel expenses averaged $5,802 per loan in the first quarter of 2017, up from $5,001 per loan in the fourth quarter of 2016. Productivity decreased to 1.7 loans originated per production employee per month in the first quarter of 2017, from 2.7 in the fourth quarter of 2016.

Real estate market recap, April 10-14, 2017.. the average loan size for new homes in March from the Builder survey was unchanged from a year ago.. a measure of mortgage loan application.