Tag Archive for ‘conventional loans’

“Seriously Delinquent” Loans Decline

The quarterly National Delinquency Survey from the Mortgage Bankers Association shows a decline in the serious delinquency rate across all the categories of loans, continuing the downward trend that has persisted since the middle of the Great Recession. These categories of loans are Conventional loans, VA loans, and FHA-insured loans, for which the serious delinquency rates as of March 2019… Read More ›

FHA-Backed Mortgages Finance Increasing Share of New Home Sales

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans accounted for 71.3% of new home sales in the first quarter of 2019, a 3.3-percentage point decrease from Q4 2018 (revised). The decline comes despite lower mortgage rates, continuing a post-2012 pattern in which higher average rates have… Read More ›

Conventional Mortgages Outpace Government Mortgages for Purchase

The latest data from the Mortgage Bankers Association’s Weekly Application Survey for the week ending on April 19 show a decrease in purchasing and refinancing activities, with refinancing decreasing for the third consecutive week. On a seasonally adjusted basis, refinancing activity decreased by 11%. March showed a strong rally in purchasing activity, evidenced by the decrease in rates and increase… Read More ›