Agency seeks information on refinances, mortgage products to promote competition and support household financial stability.
Tagged: Refinance
Refinance lending fall 36% quarterly as total loans decreased another 13%.
Exclusive product, coupled with company’s existing RateShield program that locks mortgage interest rates for 90 days during home shopping, brings confidence to consumers.
MBA says applications decreased nearly 2% from last week, the fourth straight weekly decline.
The weekly index is designed to provide the market timely tracking of refinance activity and historical trends.
Purchase mortgage closing costs increased 13.4% during the same time period.
The bank reported a first-quarter drop in net income that was the largest it had seen since 2003 and was largely driven by lower refinancing activity.
InstaMortgage CEO says automation, urgency helped borrower get their refi in record time.