Author Archives: Christian

Supreme Court Ruling Says Second Mortgages Cannot Be Voided in Bankruptcy

The Supreme Court of the United States ruled on Monday, June 1st 2015, that homeowners who cannot repay their debt and file for bankruptcy in order to receive protection cannot have their second mortgage loan canceled even if they are

Commercial and Multifamily Mortgage Delinquencies Declined in the First Quarter

The commercial and multifamily mortgage loans experienced a decrease in the delinquency rate in the first quarter of 2015. They followed an overall downward trend defined by increasing real estate values and incomes. This is revealed in Commercial/Multifamily Delinquency Report

Mortgages Become Riskier for First Time Buyers

The mortgage risk for first-time home buyers was higher in April 2015 compared to the same month of 2014. This is shown by the increase of the First-Time Buyer Mortgage Risk Index (FBMRI) of the American Enterprise Institute’s International Center

Mortgage Rates Move Up to New 2015 High

Fixed mortgage rates reached their highest level so far in 2015 during the week ended May 28th, according to the Primary Mortgage Market Survey of Freddie Mac. The average rate for a fixed-rate mortgage with a 30-year term moved up

Mortgage Applications Declined for Fifth Consecutive Week

The applications for mortgage loans experienced a decline of 1.6% in the week ended May 22nd compared to the previous week. This is indicated by the seasonally adjusted decrease of 1.6% of the MBA’s Market Composite Index. On an unadjusted

MBA with Revised Mortgage Refinance Forecast

The Mortgage Bankers Association raised its mortgage refinance expectations for both the first and the second quarter of 2015. This is revealed the Economic and Mortgage Finance Commentary of the Association for May 2015. The increase in refinance expectations was

Purchase Loans Exceeding Mortgage Refinance in April According to Ellie Mae

The share of home purchase loans in the overall mortgage volume of lenders reached 52% in April. This is revealed in the Origination Insight Report of Ellie Mae for April 2015. The share of home purchase loans rose 6% from

Mortgage Delinquency Still Low Despite Small Increase in April

The mortgage loan delinquency rate in the United States reached 4.77% in April rising 1.46% from March. This is revealed in the “first look” report on mortgage performance for April 2015 compiled by Black Knight Financial Services. Despite the small

Fixed Mortgage Rates Get Slightly Lower

After three weeks of continuous increase, the average rates of fixed mortgage loans moved down slightly in the week ending May 21st. This is demonstrated by the results of the Primary Mortgage Market Survey of Freddie Mac. The average interest

Another Week of Decreasing Mortgage Applications

The volume of mortgage applications declined by 1.5% in the week ended May 15th from a week earlier, according to the Weekly Mortgage Applications Survey of the Mortgage Bankers Association. The Market Composite Index, which measures the volume of applications,

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