Mortgage originations tapered off slightly from the second to the third quarter of 2018, according to a new analysis by Inside Mortgage Finance. [Includes one data chart.]
Although industry-wide mortgage production was relatively stable during the third quarter, lenders up and down the ranking reported significantly different trend lines. [Includes one data chart.]
First-time homebuyers are now choosing conventional loans with private mortgage insurance more than FHA loans, according to researchers at Genworth Mortgage Insurance. The shift took place in the second quarter when, for the first time, loans with private MI became the leading product for FTHBs.