PennyMac led all categories in Ginnie Mae issuance as the downward trend continued in the sector, which produced its most disappointing results in three years. (Includes five data charts.)
Underwriting standards tend to deteriorate in dire circumstances, but GSE sellers appeared to avoid taking excessive risk as 2022 wound down even as sales volumes plummeted. (Includes two data charts.)
VA lending took the brunt of the 3Q22 downturn as its streamlined refinance business all but disappeared. Meanwhile, UWM overtook Rocket in the FHA market. (Includes three data charts.)
Late payments are at an historic low as the economy hums along with near-full employment, Inside Mortgage Finance’s loan performance survey shows. (Includes data chart.)
Broker-reliant United Wholesale Mortgage edged out Rocket, which prefers the retail channel, for the top spot in agency loan sales amid plummeting volume and deteriorating credit quality. (Includes data chart.)