The jumbo share of total first-lien originations narrowed to 12.4% in the third quarter from 13.1% in the second.

The new plans from FHFA focus on efforts for rural markets, manufactured housing and first-time homebuyers.

The top three FHA lenders: UWM, Rocket and DHI...

Tom Rettinger, chief portfolio risk officer at CrossCountry Mortgage, noted that prepayment models were built for a more balanced interest rate environment.

FHA Commissioner Julia Gordon suggested any cut in the mortgage insurance premium would likely wait for the next administration.

Payoffs accounted for 89.1% of total loan liquidations from Ginnie MBS in the third quarter.

The rental income could account for up to 30% of the total income the loan applicant uses to qualify for an FHA mortgage.

William Lansing, CEO of Fair Isaac, said mortgage-originations revenue at the company in the third quarter of 2024 increased by 95% compared with the third quarter of 2023.

CHLA acknowledges that the shift at Ginnie will require additional funding for the agency.

Deliveries of refinances to the government-sponsored enterprises jumped from $9.37 billion in September to $15.59 billion in October.