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Freddie Mac Economist Sees Refinancing Near 60% Again This Year.(Frank Nothaft is chief economist)(Brief Article)
Freddie Mac chief economist Frank Nothaft predicts a slight growth in the mortgage market for 2003, with originations of $2.54 trillion. This is slightly ahead of Freddie Mac's call for the origination market of $2.51 trillion for 2002.
Refinancings will be between 55% and 60% of originations this year, Freddie Mac said, with adjustable-rate mortgages making up 13% of the market for the year. The most recent projections from the Mortgage Bankers Association of America indicate 60% refinancings for 2003, with 16% of all originations being ARMs.
Freddie Mac's volume projections are midway between those from US Bancorp Piper Jaffray ($2.25 trillion) and Fannie Mae ($3.2 trillion), but close to MBA's $2.6 trillion.
The weaker labor market, he said, increases the likelihood of the Federal Reserve Board further easing interest rates. The Fed is waiting to see the final outcome of the Iraq ...
- ADVISORY/Frank Nothaft of Freddie Mac to Deliver State of the Economy Address;...
- Press release article from: Business Wire September 19, 2003 700+ words
...historically low rates have begun to spike. Frank Nothaft, chief economist of Freddie Mac, will address these and other critical...opportunities will be available with: -- Frank Nothaft, chief economist of Freddie Mac -- David Peskin, CEO Vertical Lend...
- REMINDER/Frank Nothaft of Freddie Mac to Deliver State of the Economy Address;...
- Press release article from: Business Wire September 22, 2003 700+ words
...historically low rates have begun to spike. Frank Nothaft, chief economist of Freddie Mac, will address these and other critical...opportunities will be available with: -- Frank Nothaft, chief economist of Freddie Mac -- David Peskin, CEO Vertical Lend...
- 2006 Drop in Delinquencies Show Shifting Reasons Behind Single Family Late...
- Press release article from: PR Newswire April 25, 2007 700+ words
...magnitude of difference between Freddie Mac's 0.53 severe delinquency...the subprime market," said Freddie Mac Chief Economist Frank Nothaft. "The drop in job and income...obligations than in past years." "Freddie Mac's very low delinquency rate...
- Freddie Mac reports 1Q06 cash-out refi share steady.(Federal Home Loan Mortgage...
- Newspaper article from: Asset Securitization Report May 7, 2007 700+ words
Freddie Mac reported last week that, in the first quarter of 2007, 82% of Freddie Mac-owned loans that were refinanced...from the third quarter's 87%. Freddie Mac Chief Economist Frank Nothaft attributed the relative strength...
- Cash-out refi activity highest since 1990, says Freddie Mac.
- Newspaper article from: Asset Securitization Report November 6, 2006 700+ words
A full 89% of Freddie Mac-owned loans that were refinanced...original loan, according to Freddie Mac's third quarter cash-out...the second quarter of 1990. Freddie Mac Chief Economist Frank Nothaft observed that borrowers continued...
- Freddie Mac Survey: ARMs Have Evolved.
- Magazine article from: National Mortgage News March 1, 2004 700+ words
...capital market needs, said Freddie Mac chief economist Frank Nothaft in a release accompanying...interbank offering rate. Freddie Mac data from its Primary Mortgage...said. Among the trends the Freddie Mac survey found was the reappearance...
- Freddie Pegs 3Q Cash Outs at 69% of Refis.(Freddie Mac financial...
- Magazine article from: Origination News December 1, 2006 700+ words
...refinancing reported in 16 years. Freddie Mac also revised its estimate...out refinancing to 88%. Freddie Mac defines cash-out transactions...balance by at least 5%. Freddie Mac chief economist Frank Nothaft said that overall, refinancing...
- Freddie Mac Sees Uptick In Values.(Federal Home Loan Mortgage Corp.)(Financial...
- Newspaper article from: Asset Securitization Report June 11, 2007 700+ words
Freddie Mac last week released its quarterly home price survey for 1Q07...further with price declines in many parts of the U.S.," Freddie Mac Chief Economist Frank Nothaft noted. "At the moment, we're forecasting home price appreciation...
Source: HighBeam Research, Freddie Mac Economist Sees Refinancing Near 60% Again This...