Several major metros saw their heloc volume drop, including New York (down 14%), Los Angeles (down 18%), Seattle (down 3%), Chicago (down 27%) and Philadelphia (down 16%).

Mortgage Applications Tumble 7.8 Percent: MBA Mortgage Application Activity Jumps to Highest Level in Almost One Year on Refi Demand Paul Jackson is the former publisher and CEO at HousingWire.

After a slight hiccup that saw a modest gain in June reverse mortgage volume, Home equity conversion mortgage (hecm) endorsements plummeted once again to their lowest level seen this year. HECM endorsements fell 6.3% in July to 3,534 loans, marking the lowest single-month tally for 2016, according to the most recent industry data tracked by Reverse Market Insight.

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PRESS RELEASE Q1 Mortgage Volume Tumbles, 2 New Top-10 Players DALLAS — (May 5, 2010) /PRNewswire/ Residential originations continued to decline in MortgageDaily.com’s First Quarter 2010 Mortgage Lender Ranking.Two top-10 originators were unseated.

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After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the third quarter, falling 14% from the previous quarter and 11% from the year before. According to the latest U.S. Residential Property Mortgage Origination Report from ATTOM Data Solutions, a total of 313,744 residential HELOCs were originated in Q3.

Beijing Mortgage Volume Tumbles as Rates Rise 21st Century: In a short period of one and a half years, Beijing’s real estate mortgage loan market experienced an increase in interest rates from a 20% discount on the benchmark interest rate (4.9% annualized) to 15%.

After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the third quarter, falling 14% from the previous quarter and 11% from the year before. But one expert says volume should trend upward in 2019, as rising rates make HELOCs an attractive option for tapping home equity.

The refinancing volume drove a 2.4% increase in overall mortgage applications compared to the prior week, MBA said. The 30-year fixed rate mortgage hit its lowest level since January 2018 at 4.33%, down from 4.4% the previous week, the trade group said.

Reverse Mortgage Volume Tumbles to New 2016 Low in July-After a slight bump in HECM endorsements in June, industry volume tumbled once again-this time to the lowest level seen this year thus far. In July, hecm endorsements totaled 3,534 loans, a decrease of 6.3% from the previous month.

First Quarter Mortgage Volume Tumbles, Two Top-10 Players Unseated. in Market Studies May 5, 2010 308 Views.

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