The broker share of government originations increased somewhat on a quarterly basis, mostly poaching market share from the retail channel. (Includes one data table.)
Veterans were more likely than civilians to say they would be comfortable using artificial intelligence in the mortgage process, according to a survey commissioned by Veterans United.
After a boomlet in April, Ginnie issuance declined a bit in May. Refi volume declined, while issuance involving purchase mortgages ticked up thanks to spring homebuying. (Includes two data tables.)
Frank Cassidy, who stepped away from his position as FHA commissioner in April on what was originally a temporary leave of absence, announced this week that he’s returning to the private sector.
The Department of Veterans Affairs updated its loss mitigation waterfall to incorporate the partial claim option that’s received much fanfare since its political inception.
The volume of delinquent loans removed from Ginnie Mae mortgage-backed securities increased on a quarterly basis in the first quarter. Overall liquidations declined, with fewer payoffs. (Includes two data tables.)
The Department of Veterans Affairs posted an article educating borrowers about refinance opportunities, and warning them of a variety of pitfalls including unwanted or misleading advertisements.