Sales to Fannie and Freddie of refinance loans with private MI coverage rose 61.8% from the third to the fourth quarter last year. But the VA program remained the most refi-intensive sector.
A new paper published by Harvard University found that VA lending is strongest in areas near major military installations. Another finding: VA lending as a share of all mortgages has increased faster in places with higher concentrations of veterans or active-duty personnel.
Average home insurance premiums have risen in every state in the last decade largely due to the increased frequency and severity of natural disasters, a study by LendingTree’s QuoteWizards found.
California remained the largest source of insured home loans securitized by Fannie, Freddie and Ginnie in the second quarter, and it had relatively large concentrations of FHA and VA mortgages.
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