Analysis and Data

Mortgage Application Volume Falls By 6.7% Week-Over-Week

Refinance application volume 8% lower from week prior, 90% higher year-over-year

Analysis and Data
PennyMac Financial Reports Third Quarter Income Of $69.4 Million

The company saw direct-to-consumer and broker originations rise but servicing revenues fall, as rates declined from July to September.

Analysis and Data
Mr. Cooper Group Reports Net Income Of $80 Million

Mr. Cooper's servicing portfolio ended the third quarter at over $1.2 trillion

Analysis and Data
Operations
Loans In Forbearance Increase In September

Ginnie Mae loans in forbearance increased by 10 basis points in September to 0.76%

Analysis and Data
Home Prices Continue To Rise As Inventory Lags

September sees 6% increase year-over-year

Analysis and Data
Pending Home Sales Up Year-Over-Year

However, higher prices and mortgage rates are slowing demand.

Analysis and Data
Fannie Mae's ESR Group Says Economy Is Finding Firmer Footing

The GSE cited stronger-than-expected job gains in the August employment report and sizable upward revisions to personal income data

Analysis and Data
Mortgage Fraud Risk Up 8.3% From Last Year

Identity and transaction fraud rise for the second consecutive year, CoreLogic reports

Analysis and Data
Home Seller Margins Drop Slightly During 3Q

Homeowners earned a 55.6% profit margin on typical single-family home sale

Analysis and Data
Loan Applications, Credit Availability Fall

Mortgage Bankers Association (MBA) reports 17% decrease in applications for week ending Oct. 11

Analysis and Data