Mortgage lenders that deliver loans into Fannie Mae and Freddie Mac mortgage-backed securities continued to face relatively few repurchase demands from the two government-sponsored enterprises last year. [Includes two data charts.]
Fannie Mae and Freddie Mac racked up $25.19 billion in combined net income in 2018, their most profitable year since 2013, when earnings were inflated by accounting rules for deferred tax assets. [Includes one data chart.]
FHA and VA business saw a modest uptick in market share during the fourth quarter of 2018, but last year was all about the surge of the private mortgage insurance industry. [Includes two data charts.]
It didn’t really matter much what part of the mortgage market lenders focused on in late 2018, production fell by roughly equal degrees in the major product groups, according to an exclusive new Inside Mortgage Finance analysis. [Includes two data charts.]