High-Volume Sellers Gain Market Share with Fannie and Freddie April 8, 2019 John Bancroft Fourth-ranked UWM was among the few top sellers to increase its GSE loan sales in the first quarter…Read More
First-Lien Holdings by Banks Head North April 4, 2019 Brandon Ivey New residential loans going into bank portfolios include mostly non-agency mortgages, with some exceptions…Read More
Jumbo Correspondent Channel Gains Market Share April 3, 2019 Brandon Ivey Strategies for jumbo originations vary among the top three producers, all of which are megabanks...Read More
Mortgage Applications Spike by Almost 19%, UWM Coming Off Record Quarter April 3, 2019 Paul Muolo “Refinance borrowers with larger loan balances continue to benefit, as we saw another sizeable increase in the average refinance loan size to $438,900 – a new survey record,” said MBA’s Joel Kan…Read More
The (State-Licensed) Nonbank Origination Share for 2018: 54.8% April 2, 2019 John Bancroft Depositories accounted for 24.6% of last year’s production, down from 25.4% in 2017.Read More
Loan Brokers Making Inroads in FHA/VA Lending April 1, 2019 John Bancroft The broker share of the market increased to 13.2% for all of last year…Read More
Nonbanks Conquer Larger Share of New Agency MBS March 29, 2019 John Bancroft Nonbanks reached a milestone in 2018: They became the dominant source of new issuance of Fannie/Freddie MBS…Read More
GSE Share of High DTI Mortgages Nearly Doubled from 2015 to 2018 March 28, 2019 John Bancroft The FHA and VA loan programs also get special treatment under the ability-to-repay rule…Read More
Concerns About Profit Margins Ease, Somewhat March 28, 2019 Brandon Ivey Some 20% of lenders surveyed expect profit margins to increase in 2Q19, up from an 11% share the previous quarter…Read More
Subservicing Continues to Grow but Landscape is Shifting March 27, 2019 Paul Muolo Thanks to its bankruptcy filing, Ditech’s future as a subservicer is in doubt…Read More
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