Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit
Cotality’s survey of 1,000 recent and prospective U.S. homebuyers found that they ultimately care most about timing and confidence.
Mortgage Applications
Auto Added by WPeMatico
Lenders witness surge of mortgage demand this week
New American Funding’s Patty Arvielo shared that Tuesday was NAF’s best day for applications in three years. Can it continue?
Loan officers are seeing an uptick in FHA, VA demand
Loan officers are seeing increase demand for government mortgages, and if rates go lower, there could be a wave of refinances to follow.
Floify launches tool to streamline mortgage applications, support compliance
Floify has introduced Dynamic Apps, a new feature that allows mortgage lenders to customize loan applications based on loan type. The no-code tool aims to simplify the application process for borrowers while ensuring regulatory compliance and expediting approvals.
Mortgage demand drops 22% during holidays as rates move higher
Rising mortgage rates suppressed applications in the MBA’s final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays.