Skip to main content

Q1 Refinance Activity Down

Phil Hall
May 16, 2017
Approximately 510,000 refinances were completed in the first quarter, according to new data from the Federal Housing Finance Agency (FHFA)

Approximately 510,000 refinances were completed in the first quarter, according to new data from the Federal Housing Finance Agency (FHFA). This represents a decline from the more than 750,767 refinances that were in the fourth quarter of 2016.
 
The FHFA's is also reporting that three percent—or 13,425—of the mortgages refinanced in the first quarter were through the Home Affordable Refinance Program (HARP); 137,594 borrowers were still eligible for a HARP refinance as of the fourth quarter of 2016. 
 
Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as the end of 2016, the FHFA added. 

 
Published
May 16, 2017
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Operations
Jan 09, 2023
Judge Grants UWM Partial Win In Ultimatum Lawsuit

AML’s declaration that the ultimatum violated antitrust law survived.

Industry News
Jan 04, 2023
A&D Mortgage Launches Temporary Rate Buydowns

Offering 3-2-1 and 2-1 buydown options.

Industry News
Jan 04, 2023
Zillow: 2M Homes No Longer Require A Jumbo Loan

This is the result of FHA's update to the baseline conforming loan limit in high-cost areas topping $1 million.

Industry News
Jan 04, 2023