The Democrats calculate that the cost of a FICO score has increased by as much as 400% over the past two years.

The increase in the use of primary MI during the third quarter was sharpest in refinances.

“If we had a major economic downturn, I don’t know what kind of havoc we would have right now, because there’s no stability,” said Ted Tozer, a former president of Ginnie Mae.

While production increased, mortgage-banking revenue at Western Alliance declined by 31.0%.

To this point, many of the jumbos Citi’s correspondent unit originates have been held for investment by Citi rather than delivered into the secondary market.

Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.

Fannie economists project that purchase-mortgage originations will increase by 15.4% on an annual basis in 2025.

Noncore products are loans in which the non-agency market competes with the GSEs.

It’s not clear what secondary market execution UWM will employ nor whether UWM will use lender-paid MI.

VA issued a temporary variance to allow borrowers to pay buyer-broker charges so they could compete in the real estate market.