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.
Fannie and Freddie refinances increase
The Federal Housing Finance Agency (FHFA) has reported that Fannie Mae and Freddie Mac completed 234,716 refinances in the first quarter of 2019. FHFA's first quarter 2019 Refinance Report also shows that 901 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number of HARP refinances to 3,495,296 since inception of the program in 2009. The Report also indicated:
- Total refinance volume increased in March 2019 as mortgage rates fell in previous months.
- The average interest rate on a 30-year fixed-rate mortgage fell from 4.37 percent in February to 4.27 percent in March.
- From April 2009 through March 2019, 2,919,583 loans refinanced through HARP were for primary residences, 110,922 were for second homes and 464,791 were for investment properties.
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