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Mortgage Applications Up On Refinance Boost

Mortgage applications for home purchases were below year ago levels for the second consecutive week but falling interest rates gave a boost to refinance applications again last week leading to an overall increase in mortgage applications according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 4th, 2013.

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Loan Modifications Up Slightly July

Total loan modifications for the month of July were up slightly from June with an increase in proprietary modifications outweighing a decline in 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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Fannie Mae Boosts Loan Modification Completions in August

A boost in completed loan modifications put Fannie Mae back on track to match last year’s production according to the agency’s Monthly Summary report for August 2013.

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