Loans originated in the retail channel and delivered into agency mortgage-backed securities continued to show a lower risk profile than mortgages acquired from correspondent originators or funded through mortgage brokers, according to a new Inside Mortgage Trends analysis of MBS data. The average credit score for retail originations was 727.27 in second-quarter agency MBS, 6.47 points higher than the average for correspondent loans and ... [Includes two data charts]
Sam Khater, chief economist at Freddie Mac, said some prospective homebuyers didn’t complete transactions this summer due to a limited supply of homes for sale…
Angel Oak and Citadel Servicing, two of the larger originators of expanded-credit products, each increased production by more than 30.0 percent from the first to the second quarter.
MBA listed compensation for “current officers, directors, trustees and key employees” at $6.0 million for fiscal year 2017. It was $7.1 million the year prior…