Originations of both non-agency and conforming jumbo mortgages increased in the second quarter. Combined, they accounted for 16.1% of first-lien originations. Meanwhile, home price appreciation is slowing. (Includes three data tables.)

The Federal Reserve is widely expected to reduce the federal funds rate on Sept. 18. The initial rate cut is already priced in to mortgage rates.

In the long run, mortgage brokers and real estate agents believe the NAR commission settlement will boost business.

Nonbanks are making money once again, which could pave the way for new nonbank IPOs. Also, some of the IPO class of 2020/2021 are trading above their out-of-the-gate prices.

MBA predicts three Fed rate cuts this year as nonbanks return to profitability for the first time in two years.

Industry experts at a MISMO conference discussed the challenges of forecasting climate risk and its impact on mortgage performance.

Originations increased across mortgage products in the second quarter. The conventional-conforming sector’s market share held steady while government-insured lending lost some share. (Includes data tables.)

The spring homebuying season helped to increase purchase-mortgage lending by 40% from the first quarter to the second. Still, the purchase sector lost some market share in the first half of the year as refi business percolates. (Includes five data tables.)

Interest rates on mortgages declined as the traditional homebuying season nears an end. Demand for purchase mortgages also continues to be limited by weak inventory of homes for sale and elevated home prices.

With mortgage originations coming off two challenging years — to put it mildly — now might be a good entry point for warehouse providers. At least that’s what Scotiabank is betting on.