Loan Application Denials Tied to DTI Issues Rise in 2022 May 19, 2023 Sam Manas Rising interest rates made it more difficult for loan applicants to meet DTI ratio requirements.Read More
Deliveries to GSEs Increase in April May 18, 2023 Dennis Hollier GSE business increased in April on a monthly basis, including improvements among 84 of the top 100 GSE sellers.Read More
Denial Rates Increase in 2022; Elevated at Wells May 17, 2023 Brandon Ivey Denials of mortgage applications increased as interest rates rose in 2022.Read More
Banks’ Mortgage Earnings Improve in First Quarter May 16, 2023 John Bancroft Mortgage earnings at banks bounced back after a dismal fourth quarter.Read More
Private Mortgage Insurers Gain Market Share in 1Q23 May 15, 2023 John Bancroft Government MI volume slid 19.0% to an estimated $71.38 billion.Read More
Jumbo Correspondent Sales Down in 2022 May 11, 2023 James Dohnert Sales of jumbos in the correspondent channel fell by 50.9% on an annual basis in 2022.Read More
Veterans United Leads FHA/VA Correspondent Sellers in 2022 May 10, 2023 Brandon Ivey While correspondent sales of FHA/VA loans declined in 2022, Veterans United increased its sales volume.Read More
Chase to Surpass Wells as Largest Servicer May 9, 2023 John Bancroft Wells is shrinking its servicing portfolio while Chase is growing.Read More
A Spring Thaw for Agency MBS Issuance: April Volume Rises 16% May 8, 2023 John Bancroft Note: The average interest rate on Ginnie refi loans was 5.93%.Read More
In Early Spring, Mortgage Shops Continued to Cut Heads May 8, 2023 Paul Muolo There have been scattered reports of improving applications and profit margins...Read More
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