The industry increased profits on the production side of the aisle by pushing a higher volume of business through their platforms, reducing per-loan costs for personnel, occupancy and technology. (Includes data chart.)
The application of blockchain technology in asset securitizations is growing faster in China than in other parts of the world, with at least eight deals completed.
A new paper published by Harvard University found that VA lending is strongest in areas near major military installations. Another finding: VA lending as a share of all mortgages has increased faster in places with higher concentrations of veterans or active-duty personnel.
Mortgage repurchases and indemnifications by banks and thrifts declined 22.6% from the second to the third quarter, and repurchase reserves fell to their lowest level ever. (Includes data chart.)
Findings by HUD that mortgages with DPA perform worse than other loans fail to include important controls, according to research published by the St. Louis Fed. In other words, downpayment assistance loans aren't so risky after all.
Freddie repurchase activity continued to be disproportionately high in the third quarter, though GSE buybacks and the pipeline of unresolved cases fell slightly. (Includes two data charts.)
TD Bank led the lending pack in terms of sequential growth in the third quarter: 76.2%, according to a new Inside Mortgage Trends ranking. Could this mark a sea change for banks in mortgages? Probably not. (Includes data chart.)