The third quarter saw a sharp increase in refinance originations that appeared to give a bigger boost to government and conventional-conforming production than the jumbo market got.
Of the $292.98 billion in non-agency jumbo mortgages originated in 2015, 3.1 percent were in areas where the loan balance would have been eligible for delivery to the GSEs under the loan limits set to take effect in January.
Despite the uptick in rates, warehouse providers appear to be happy (for now) and, like their nonbank clients, most expect the competition to suffer and not them.
Fannie Mae added: “Through these actions we have demonstrated our continued dedication to providing quality care to all communities. And we remain firmly committed to continuing to provide such attention to our REO properties moving forward.”
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