The fair value of mortgage servicing rights improved as interest rates increased near the end of the first quarter.

The loans are available through a partnership with Wisetack, a platform used by 40,000 contractors.

The impairment rate on securitized non-qualified mortgages declined by 28 basis points on a monthly basis to 6.9% as of the end of March, according to dv01.

On average, loan-to-value ratios and debt-to-income ratios are much higher for GSE purchase mortgages with private MI compared with loans that don’t carry MI.

Higher origination volume and expanded gain-on-sale margins helped PrimeLending reduce losses in the first quarter.

A third of its homeseller clients have rates below 5%, Coldwell Banker says.

The GSEs will accept VantageScore 4.0 on a pilot basis. FHA will follow at a later date, along with plans for the GSEs and FHA to allow for use of FICO 10T.

Now, the economists project that the average interest rate for a 30-year fixed-rate mortgage will decline to only 6.1% in the fourth quarter.

Increases were recorded across all four complaint categories, covering both servicing and originations.

FHFA Director Bill Pulte dismissed concerns about adverse selection risk tied to the optionality for lenders on FICO scores and VantageScore.