Mortgage lenders that generate a lot of jumbo home loans tend to rely heavily on their retail production platforms, while third-party originators play a bigger role in agency-eligible production. That’s one finding from an Inside Mortgage Trends analysis of exclusive survey data collected by Inside Mortgage Finance. Lenders participating in the survey reported that 80.3 percent of their third-quarter jumbo production came through their retail platforms ... [Includes two data charts]
The share of purchase mortgages that closed on time increased in recent months, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The improved closing performance occurred as home sales declined and interest rates on mortgages started to rise. Some 68.4 percent of Fannie Mae/Freddie Mac purchase mortgages with private mortgage insurance tied to home sales in November closed on time, based on a three-month moving average ...
Lenders that deliver loans to agency buyers and non-agency buyers could benefit from standards developed by the Structured Finance Industry Group and the Mortgage Industry Standards Maintenance Organization. SFIG detailed the data standardization effort in a green paper released last week. The Wall Street group noted that a lack of accepted standards can lead to confusion and disagreement between counterparties and service providers, particularly when data are calculated or ...
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