The group’s combined production-related income fell a lot more than their actual origination volume, which was down 5.8 percent from the second quarter...
The new approach is expected to be a more cost-effective route than going through the repeated repurchase requests that have plagued lenders over the years.
The Ginnie Mae share of total mortgage debt outstanding hit a record 15.2 percent at September 30, according to exclusive survey figures from Inside Mortgage Finance...