Lenders did more home-equity business during 2Q18, but the volume of HEL assets outstanding continued to shrink. Credit unions continued to build market share.
First-time homebuyers accounted for over half of the purchase mortgages securitized by Fannie, Freddie and Ginnie in the second quarter, and private MIs are taking a bigger share.
First-lien mortgage originations were up across all product lines in the second quarter of 2018, but the jumbo market saw the biggest gains from the first three months of the year, according to a new Inside Mortgage Finance ranking and market analysis.
The commercial-banking sector isn’t running away from the mortgage-servicing business the way it did a few years ago, but aggregate figures show the industry continues to favor whole loans over mortgage servicing rights.