Government-backed originations increased in the second quarter thanks to a seasonal boost in purchase mortgages. FHA production outpaced VA lending, and the top lenders largely increased originations. (Includes three data charts.)
Loan removals from Ginnie MBS increased in the second quarter of 2023. Removals are largely tied to loan payoffs, though there are some variations among servicers. (Includes data chart.)
Increased risks from natural disasters have led to a rapid rise in premiums on home insurance, rejections of policy requests and some major insurance providers exiting certain markets.
While the lender has been losing money, officials at Better are optimistic that the capital infusion that accompanied its debut in the public market will lead to improved results.