Mortgage Data

Selma Hepp Named CoreLogic Chief Economist

Posted on by TMN Editor
Selma Hepp has been named chief economist at CoreLogic, the company announced in a press release. “I am honored and thrilled to lead our team as we continue to generate industry-leading, data-driven insights and thought-provoking perspectives on all things housing. Given the challenges of today’s housing market, CoreLogic’s depth, wealth, and consistency of data position us to provide clear and actionable views of the property ecosystem, and bring value to our clients and broader markets,” Hepp said in a statement. Hepp was named interim chief economist in July 2022 and has now cemented the title. In her role, Hepp oversees the economics team that analyzes and forecasts housing and economic trends in real estate, mortgage, and insurance. Before her interim…

Loan Apps Rise Again, Buoyed By Refis

Posted on by TMN Editor
Mortgage loan application volume increased again last week, continuing a trend of rising demand as mortgage rates slip. The Mortgage Bankers Association’s weekly survey showed the adjusted Market Composite Index, a measure of mortgage loan application volume, rose by 7%. The results included an adjustment for Martin Luther King, Jr. Day. Refinances drove the increase, up 15% from the week prior as mortgage rates fell to 6.2%, their lowest level since September. They remain 77% lower than the same time last year, however, comprising only 31.9% of total applications. In the past decade, refis averaged 58% of total activity. Purchase demand saw a boost as well, though not as drastic. Applications increased at a seasonally adjusted rate of 3%, but…