UWM reported a 69.2% jump in refi volume, while PennyMac, Freedom Mortgage, loanDepot, Mr. Cooper Group and NewRez all increased their market share as well.
Ginnie Mae single-family MBS issuance fell slightly from October but remained at near record levels. All told, the three agencies pumped out nearly $355 billion last month, a 5% gain from October.
MBA's Mike Fratantoni: “For the second week in a row, the share of loans in forbearance has increased, driven by a rise in new forbearance requests..."
“Applications are staying strong,” said Paul Rozo, CEO of Paramount Residential Mortgage Group, Corona, CA. “Rate-locks have been smoking leading up to the election and post-election as well, which is nice.”
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