Mortgage Applications Dip Slightly

Mortgage applications dipped slightly last week as volume for both purchase applications and refinance applications held fairly steady from the previous week according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 18th, 2013.

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Loan Modification Completions Higher in August

The number of completed proprietary loan modifications fell in August but total modifications were up due to a hefty increase in completed government loan modifications according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

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