TMC Benchmark May Data: Closings up 5% Over April, New Applications Flat
The “spring buying season” continued to slug on for The Mortgage Collaborative’s national network of best-in-class mortgage lending institution members that submit data to TMC Benchmark. Closed loan units increased by 2% in May compared to the previous month. Within that, lenders saw closed purchase loans increase by 17% but refinances fell by another 22% […]