UWM reported a 69.2% jump in refi volume, while PennyMac, Freedom Mortgage, loanDepot, Mr. Cooper Group and NewRez all increased their market share as well.
FHA Commissioner Dana Wade has questioned the increase in loan limits, saying the agency has been put in a position of insuring a segment of borrowers who are better served by conventional lenders.
Ginnie Mae single-family MBS issuance fell slightly from October but remained at near record levels. All told, the three agencies pumped out nearly $355 billion last month, a 5% gain from October.
MBA's Mike Fratantoni: “For the second week in a row, the share of loans in forbearance has increased, driven by a rise in new forbearance requests..."
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