The assessment comes amid a shortage of appraisers along with concerns that the existing pool of appraisers isn’t sufficiently diverse.

Applications in late May hit the lowest level seen since March.

The jumbo market’s share of first-lien production narrowed to 11.1% in the first quarter from 12.4% in the fourth quarter.

Prices increased by only 0.1% on a monthly basis in March, according to seasonally adjusted numbers from the FHFA.

“We are fully committed to ensuring that veterans are neither disadvantaged nor overcharged in the homebuying process,” said VA Press Secretary Terrence Hayes.

A working paper from the FHFA used data from appraisals to estimate energy usage across time.

Government-insured production increased by 11.0% compared with the fourth quarter while total first-lien originations were up 3.2% during that time.

Lenders took an average pre-tax loss of $645 per loan originated in the first quarter compared with an average loss of $2,109 per loan in the previous quarter.

A&D’s in-house software development team spent two years working on AI tools for the lender's broker portal.

The 30+ day delinquency rate stood at 3.09% at the end of April.