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Inside Mortgage Trends

December 22, 2023

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Bank Sales of Mortgages Hold Steady in Third Quarter

Banks and thrifts sold $97.37 billion of mortgages during the quarter. Trends varied among the largest banks, with Chase increasing loan sales while U.S. Bank and Wells Fargo sharply reduced their activity. (Includes two data tables.) Read More

Loan Repurchases by Banks Dwindle in Third Quarter

Repurchase and indemnification activity at banks and thrifts in the third quarter was the lowest since at least the second quarter of 2016. (Includes data table.) Read More

Fannie Warns Appraisers About Seller Concessions

In general, appraisers can adjust down a comparable valuation dollar for dollar with the value of seller concessions. Read More

Lenders Work to Keep First-Time Buyers in Their Homes

Mortgage industry executives and policymakers should rethink strategies to improve sustainable homeownership among first-time homebuyers, according to speakers at a recent housing conference. Read More

UI Analysts Propose Major Shift in Pricing Disclosures

The GSEs and FHA should publish daily rate sheets with disclosures on interest rates for mortgages locked the previous day, according to analysts at the Urban Institute. The analysts likened their proposal to the manufacturer’s suggested retail price seen for cars and books. Read More

Homebuyers Pessimistic About 2024 Despite Expected Rate Drop

Consumers are feeling little optimism for the 2024 housing market as affordability concerns continue to push would-be buyers away from purchasing a home next year. Read More

Change to State Laws Could Boost Blockchain HELOCs

Amendments to the Uniform Commercial Code are making it easier to electronically originate home equity lines of credit. Read More

Grapevine: Lower Rates Helping New Home Sales; Mild Recession?

Lower interest rates have been particularly impactful in the market for new homes; MBA projects a mild recession in the first half of 2024; new MISMO working group initiated by the GSEs; technology for closing disclosure forms. Read More

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