Mortgage apps reverse course, climb 9.4%

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Defects, Fraud on Mortgage Applications Climb June 8, 2017 By CHamler The First American Loan Application Index has indicated in a spike in the frequency of defects, fraudulence, and misinterpretation in mortgage applications in April 2017.

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5.2 FHA Regulation of Reverse Mortgages Through the HECM. A surprisingly large proportion of reverse mortgage borrowers (9.4 percent. their situation, or whether another product or course of action might be more. the time of application).j For joint borrowers, the age of the youngest co-borrower is.

Mortgage apps reverse course, climb 9.4% Brena Swanson is formerly the Digital Reporter for HousingWire. Brena joined the housingwire news team in February 2013, also serving in the roles of.

Fight over eminent domain continues unabated The more crucial question of whether to avert the devastating sequestration of federal funds and if so, how, remains unanswered. Continuing to loom over us all are the automatic cuts to discretionary spending called for in the Budget Control Act of 2011 that could still devastate affordable housing and homelessness prevention programs in the.

Mortgage applications reversed course, rising 23.5% for the week. prior week and the unadjusted Purchase Index climbed 59% from a week.

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Higher interest rates cut refinance mortgage application volume and reduced overall activity even as the purchase index reached a nine-year high, according to the Mortgage Bankers Association. The MBA’s Weekly Mortgage Applications Survey for the week ending April 12 found that total volume fell 3.5% as the refinance index decreased 8% from the previous week.

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Mortgages Climb for a 6th week to a 4-year High and Still more to Come 10-year Treasury yields ended the week at 2.87%, which was down from above 2.9% levels hit during the past week that pushed.

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