Government (Agency) MBS Activity

Agency Third Party Originations Market

Chart showing volume and average underwriting characteristics by quarter from 1Q14 to 3Q14 for correspondent and broker channels. Breakouts are volume, market share, loan size, FICO score, loan-to-value ratio and debt-to-income ratio.

3Q14 Data

Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

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