The most frequently cited growth strategy was increasing production from the existing sales team, selected by 75% of respondents surveyed by The Mortgage Collective.
Annaly Capital Management’s Onslow Bay, the top-ranked issuer of expanded-credit mortgage-backed securities in the second quarter, issued $3.82 billion of expanded-credit MBS, down 8.3% from the first quarter.
The groups' joint comment letter called on the FHA to replace its minimum property requirements with the standards used by the government-sponsored enterprises.
Entry-level buyers in the South and West are seeing more affordable starter home listings and softening prices, while buyers in the Northeast face a market that keeps getting tighter.
Truist Financial, Fifth Third Bank and Regions Financial all increased residential mortgage originations on a sequential basis in the second quarter but mortgage earnings didn't follow the same trajectory.
In late April, Ginnie announced that it would exclude FHA mortgages on trial payment plans when calculating servicers’ delinquency ratios for compliance purposes.