The Mortgage Bankers Association adjusted its economic forecast to account for the long-term inflationary effects of war in the Middle East, anticipating a rate hike from the Federal Reserve next year.
Arch Mortgage Insurance sprinted to the lead among private MIs with $14.81 billion in NIW for the first quarter. The company was the only PMI to increase production from the previous three-month period.
The spread between conventional loans and FHA and VA loans last quarter were at their widest margins since 2021, according to the Mortgage Bankers Association’s National Delinquency Survey.
Analysts at Goldman Sachs noted in a recent report that issuers who move forward with a clean-up can see improved economics by issuing new deals with seasoned mortgages.
Jun Choi and Richard Tak are the sole owners of Mortgage One. They will receive 300,000 shares of Linkhome’s stock, which is trading at around $1.00 per share.