Trade groups recommended VA establish a permanent partial claim program that allows servicers to combine a partial claim with a loan modification for borrowers that need to reduce their monthly payments.
Production of jumbo mortgages in all three channels was down from the second quarter, but correspondents posted a relatively smaller decline than retail producers and brokers. (Includes data chart.)
United Wholesale Mortgage is offering prime jumbo borrowers a 2-1 or 1-0 temporary rate buydown. Meanwhile, A&D Mortgage announced temporary 3-2-1- and 2-1 rate buydowns.