Browse articles from all of our Newsletters related to MBS Accounting.
May 6, 2016 - Inside FHA/VA Lending
Retail loan originations account for most new VA lending, but the correspondent channel plays an outsized role in the FHA market, especially in purchase-mortgage lending, according to a new analysis of Ginnie Mae mortgage-backed securities data by Inside FHA/VA Lending. Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel. The biggest source of FHA loans was correspondent lenders, which accounted for 45.8 percent of loans securitized during the first three months of this year. That was actually slightly below the 49.2 percent correspondent share of FHA loans back in 2014 and 46.8 percent last year. Correspondents accounted for well over half (53.9 percent) of FHA purchase mortgages during the first quarter, while playing a more ... [ 3 charts ]
Most Popular Stories
- FHA Production Slips in 1Q16; Just One Bank Among the Top 20 in FHA Retail
- Redwood Learns to Compete and Cooperate With Banks
- Call Center Platforms are Coveted But Are They Worth It?
- OCC Fines Wells Fargo $70 Million for Servicing Issues, Ends Consent Order Dating Back to 2011
- FHFAs Watt Happy with FHLB Profits, but Worries About Non-Core Assets, Insurers