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. 

 
Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021