Overall delinquencies dipped in the second quarter, but FHA serious delinquencies jumped 227 basis points from a year earlier as more troubled loans moved toward foreclosure
Some 320,000 homeowners are both underwater and behind on their payments — nearly twice as many as a year ago — even as mortgage-holder equity approaches $18 trillion
The lender group says mortgages below $100,000 routinely lose money, while LO compensation rules could prevent federal incentives from reaching originators
Government-backed loans accounted for more than half of builder applications for a fifth straight month as loan sizes fell and buyers remained rate-sensitive
Mortgage leaders say supply-focused package needs revisions to avoid limiting capital for housing development
Refis jump almost 60%; ARM share climbs to highest since 2008
Equity Prime Mortgage blasts HW Media coverage as 'sensational'
Refinances rose to 26% of originations last month, though purchase activity is beginning typical seasonal decline
Purchase and refinance applications jump; refis account for nearly half of all activity
Though overall applications fell, refis edged higher on lower FHA and VA rates