Kazwell.com

Total mortgage delinquency of at least 90 days as of June 30 surged 82 basis points from May 31, LPS reported.

The foreclosure rate shot up 47 BPS, according to the report.

The delinquency rate, excluding foreclosures, was up 35 BPS.

The Mortgage Insurance Companies of America reported that the number of policies issued in June were 9 percent higher than in May.

The number of new mortgage insurance applications has increased each month since January. 

But primary insurance in force fell $10 billion from May.

In addition, primary insurance defaults increased 8 percent.

New business acquisitions at Fannie Mae declined 31 percent between May and June, according to monthly operational data.

Compared to a year earlier, volume was down 45 percent.

Residential delinquency of at least 90 days improved for the third consecutive month.

Multifamily delinquency of at least 60 days fell for the second consecutive month.

Again the average 30-year fixed-rate mortgage fell to a new record low, Freddie Mac reported.

The one-year adjustable-rate mortgage was down 6 basis points compared to a week ago.

But still, mortgage activity declined 7 percent this week based on the Mortgage Market Index.

LendingTree Loans closed 43 percent fewer loans during the second quarter than it did a year earlier, according to earnings data from its parent company.

Matched requests at the exchanges segment tumbled 19 percent during the same period.

The company reported 38 fewer exchange segment closings.