To minimize credit risk in FHA’s forward mortgage portfolio, lenders have been ordered to manually underwrite loan applicants with low credit scores and high debt-to-income ratios. [Includes one data chart.]
The nation’s subservicing vendors ended the fourth quarter with $2.47 trillion worth of contracts on their books, a 9.8% sequential gain and a handsome 23.5% annual increase, according to figures compiled by Inside Mortgage Finance. [Includes one data chart.]
The mortgage servicing market continued to grow in the fourth quarter of 2018, with most of the gains coming in the agency market, according to a new Inside Mortgage Finance analysis. [Includes two data charts.]
Home-equity lending weakened in late 2018 but remained a relatively bright spot in the mortgage business, according to an exclusive Inside Mortgage Finance market analysis. [Includes three data charts.]
Higher conforming loan limits for agency mortgage-backed securities programs didn’t do much to offset a sharp decline in total jumbo lending last year, according to a new Inside Mortgage Finance ranking and analysis. [Includes three data charts.]
Mortgage delinquency and foreclosure rates shrunk in the fourth quarter of 2018, helped by tight underwriting standards along with a strong economy and home price trends. [Includes one data chart.]
Warehouse lenders ended the year with $64.0 billion of commitments on their books, a modest 1.4% sequential decline and flat compared to the same period a year ago, according to survey figures compiled by Inside Mortgage Finance. [Includes one data chart.]
The one bright spot in the residential mortgage market last year was purchase-mortgage lending, which provided at least a faint glow in an otherwise dreary year for lenders. [Includes four data charts.]
Mortgage brokers aren’t taking over the world, but the industry’s share of new production reached a nine-year high in 2018, according to a new analysis and ranking by Inside Mortgage Finance. [Includes six data charts.]
RSS