Wells Fargo, which exited the correspondent channel for jumbo mortgages in April, is still not sure if or when it will resume originating the product through the platform.
One last observation: Over the past month we’ve talked to no one who believes 2021 will be a train wreck. Several expect it to be a strong year, just but not as good as 2020…
The regulator/conservator notes the GSEs own or guarantee roughly $6.0 trillion in mortgages. However, the two have a combined leverage ratio of 200 to 1...
In the first six months of 2020, originators of all stripes funded $23.3 billion of EC loans, accounting for 1.5% of total first-lien production. Somewhat surprisingly, lending volume for the sector was up 5.4% compared with the halfway point of 2019...
Retail-originated loans single-handedly boosted the jumbo market in the second quarter. Halfway through the year, retail loan production accounted for 86% of jumbo volume among a large group of lenders. (Includes data chart.)