The nonbank is also allowing a 50 percent debt-to-income ratio on the product.

The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…

Through three quarters this year, retail originations fell 20.2 percent while brokers saw a 10.3 percent production drop and correspondent lending declined by only 1.8 percent.

The federal regulator released a check digit tool and a rate-spread calculator.

Some lenders said they’re loosening underwriting standards in in an effort to compete for volume.

“While this flexible approach is generally beneficial for lenders and consumers, it does produce some uncertainty over what will be considered ‘good faith’ or ‘material,’” according to attorneys at the law firm of Buckley Sandler.

An estimated 69.5 percent of third-quarter mortgage originations were funneled into securities, according to affiliated publication Inside MBS & ABS.

Certain temporary modifications have been made to allow lenders to submit demographic information if the currently available fields in the system match the data submitted. Otherwise, just leave the fields blank, according to the FHA.

Correspondents, which account for a large percentage of government-insured lending, saw their share grow in 2017 even as retail went through a production slump, according to an analysis by Inside FHA/ VA Lending.