To this point, UWM has originated home equity lines of credit but not closed-end seconds.

Applications in late May hit the lowest level seen since March.

The jumbo market’s share of first-lien production narrowed to 11.1% in the first quarter from 12.4% in the fourth quarter.

A working paper from the FHFA used data from appraisals to estimate energy usage across time.

The 30+ day delinquency rate stood at 3.09% at the end of April.

Those opposed include the American Bankers Association, the Housing Policy Council, the Securities Industry and Financial Markets Association, the Structured Finance Association and U.S. Mortgage Insurers.

Sales of existing homes declined by 1.9% on a monthly basis in April.

Debt service coverage ratio mortgages qualify borrowers based on rental income rather than the traditional debt-to-income ratio metric used by the GSEs.

“Purchase activity continues to lag despite this recent decline in rates,” said Joel Kan, a vice president and deputy chief economist at the MBA.

Marcia Fudge is now a partner and chair of public policy at Taft, a law firm.