Application activity flat even though rates fell


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    People on the move: Sept. 14 Declining mortgage rates drive refis and new-home purchases New pools in the mortgage market come from refi, existing home sales and new home. rate risk with being short TBAs that’s I am sure, that’s pretty high I am sure relative to the peer group, that’s.Flagstar CEO: We’re not ‘just a mortgage company’ The Consumer Financial Protection Bureau (CFPB) came down hard on Michigan-based Flagstar Bank both legally and verbally as it issued the first enforcement action under its new mortgage servicing.

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    Shashank Shekhar, chief executive of Arcus Lending, is one who expects rates to fall. “Last week, mortgage rates got a break from a near constant increase this year,” Shekhar said. “Even though the.

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    A contact in Oregon reported a modest increase in building and selling activity due in part to lower mortgage rates, though a few other contacts observed a slight decline in building activity in some areas due to softer demand.