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Long-Term Forecast Also Sees Lower Prepay Volume.
Washington -- MBA chief economist Douglas Duncan said in the association's recent long-term economic forecast that core inflation is likely to edge higher this year, but that it will remain contained.
Still, the MBA expects mortgage rates to edge modestly higher this year, leading to a 40% decline in home loan refinancing activity.
The MBA estimates that mortgage origination volume totaled $2.79 trillion in 2005. The association predicts that volume will drop by 19.5% to $2.24 trillion this year, with a decline in refinancing being the primary culprit, and expects only a modest decline in originations for home purchases.
The MBA expects the Federal Reserve Board's tightening of monetary policy to continue through March of this year to ensure that inflation remains under control. The MBA predicts that the Fed will halt the tightening cycle after two additional increases this year.
From a broader economic perspective, the MBA expects to continue seeing a flat yield curve environment. Already, the spread between rates on fixed-rate mortgage products and adjustable products has narrowed significantly. As a result, the MBA expects the share of adjustable-rate mortgages to decline through 2008.
The MBA expects the yield on 10-year Treasury notes will rise to 4.8% by the end of this year, remaining at that level through next year. ...
- Refi Volume Edges Up as Rates Sink.
- News wire article from: Mortgage Line Cornwell, Ted March 18, 2008 700+ words
...economists in mid-January projected that refinancing originations totaled $1.2 trillion in 2007. They also project that refi volume will rise only modestly to $1.3 trillion this year, fueled in part by ARM borrowers taking advantage of the opportunity...
- CRE Refi Volume Remains Limited.
- News wire article from: Mortgage Line May 19, 2008 700+ words
Washington -- The commercial and multifamily mortgage market faces limited exposure to refinance risks stemming from the current credit crunch, according to the Mortgage Bankers Association's Research DataNote. The report notes that relatively few commercial/multifamily mortgages will mature in the
- Mortgage Refi Volume Plunges.
- Magazine article from: Credit Union Journal March 10, 2008 700+ words
WASHINGTON -- Applications for mortgage refinancings plunged in February after a January spike had raised hopes refis could come to the rescue of the market. The Mortgage Bankers Association reported that February data show volume declined sharply, and other lenders are reporting the same. Analysts
- CRE Refi Volume Remains Limited.(Report)(Brief article)
- Magazine article from: Mortgage Servicing News May 1, 2008 700+ words
Washington -- The commercial and multifamily mortgage market faces limited exposure to refinance risks stemming from the current credit crunch, according to the Mortgage Bankers Association's Research DataNote. The report notes that relatively few commercial/multifamily mortgages will mature in the
- Resets Keep Refi Volume High.
- Magazine article from: Mortgage Servicing News March 1, 2007 700+ words
WASHINGTON -- With long-term interest rates continuing to slip, it's no surprise that refinancing volume is once again on the upswing. Earlier this year, evidence of elevated refinancing continued to crop up in the Mortgage Bankers Association's weekly loan application survey even as rates edged
- Wholesalers Ranked by Refi Volume.
- Magazine article from: National Mortgage News June 18, 2001 700+ words
(Dollars in Millions) (First Quarter 2001) Rank Organization Name Location Refi % Q1/01 Wholesale Q1/01 1 Flagstar Bank, FSB Bloomfield Hills 78.70% $2,810 2 Resource Bancshares Mtg. Columbia , 75.00% $737 3 GMAC Mortgage Horsham , PA 74.70% $381 4 Guaranty Federal Dallas , TX 71.00% $38 5
- Resets Helping Drive Refi Volume.
- Magazine article from: National Mortgage News December 18, 2006 700+ words
WASHINGTON -- With long-term interest rates continuing to slip, it's no surprise that refinancing volume is once again on the upswing. Last week, the MBA's weekly loan application survey showed that refinancing accounted for more than half of loan applications for the second week in a row. In fact,
- Rejections a Question as Refi Volume Rises.
- News wire article from: Mortgage Line Collins, Brian March 6, 2008 700+ words
Washington -- Expectations are growing that the Federal Reserve's rate cuts have set the stage for a refinancing boom that could bolster struggling mortgage companies and help a lot of borrowers get into safer and lower-cost mortgages. Mortgage refinancing applications have surged in recent weeks,
- MORTGAGE: Outsourcing risk: Possible, but Wise? As refi volume and risk...
- Magazine article from: Bank Technology News June 1, 2009 700+ words
Byline: John Adams One of the ironies of the mortgage industry's time in the wilderness is there is some expansion. The problem is that the growth poses a quandary for lenders: In the case of refinancings, the spike is tenuous and sensitive to shifts in rates, complicating staffing. And any growth
- Self-Serve Voice Recognition Works: When overwhelming refi volume threatened to...
- Magazine article from: Mortgage Technology Dum, Mary October 1, 2002 700+ words
When interest rates take a dive, lenders are deluged with calls from borrowers who want to get in on lower monthly payments. Suddenly, everyone expects to be a candidate for refinancing and big money savings. Lenders need a way to screen out as much as half the calls from hopefuls who actually
Source: HighBeam Research, Long-Term Forecast Also Sees Lower Prepay Volume.