Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Refinance volume falls
The Federal Housing Finance Agency (FHFA) has reported that just over 510,000 refinances were completed in the first quarter of 2017, compared to 750,767 in the fourth quarter of 2016. FHFA's first quarter Refinance Report also shows that 3 percent or 13,425 of the mortgages refinanced from January through March were through the Home Affordable Refinance Program (HARP). The Report indicated:
- Total refinance volume fell in March as mortgage rates remained above the levels observed in 2016
- Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program
- Ten states accounted for over 60 percent of the nation's HARP-eligible loans with a refinance incentive as of December 31, 2016