Retail production remained the richest source of first-lien mortgage originations, but wholesale-broker and correspondent grew their shares of the market. (Includes six data charts.)
Warehouse finance was a great business to be in the past two years. But with rates rising and primary market originations slipping, all bets are off. The spring homebuying season should bring some relief. (Includes data chart.)
In January, the GSEs took in a significant volume of mortgages with balances greater than the baseline conforming loan limit for 2021. Note: A number of lenders had given themselves a head start on 2022 loan limits.
The conventional-conforming and government-insured sectors took the brunt of the decline in mortgage originations during the fourth quarter. Jumbo held steady, while ECM gained. (Includes two data charts.)
Non-agency mortgages for investment properties are increasing thanks to volatility in GSE pricing and lenient underwriting standards. Volume could take a hit as interest rates increase.
In the market share wars, one company’s difficulty is another shop’s opportunity. As the second month of a new year begins, stakeholders survey the origination landscape.
When it comes to guarantee fees, some industry participants say they don’t see much policy difference between current FHFA Acting Director Sandra Thompson and her predecessor, Mark Calabria.