A decrease in the purchase index, offset by the increase in the refinance index, drove a slip in mortgage loan application volume
The activity share by loan type in August also remained unchanged month over month
Job losses and higher spending needs may drive consumer defaults in the coming months
The team will offer agency products and VA and FHA loans, among others
The decrease in application volume comes as both the refinance index and seasonally adjusted purchase index fell
There was a decline in mortgage applications in the week ending September 15 as mortgage rates began to rise after a lengthy decline