There’s a large gap between damage from Hurricane Helene and what will be covered by the National Flood Insurance Program and the private property insurance market, according to CoreLogic.
VA borrowers could stand a better chance when bidding for a home if the agency’s minimum property requirements are aligned with GSE standards, according to mortgage lenders.
All but one of the top 10 Fannie/Freddie lenders increased deliveries to the GSEs last month. Overall, the two government-sponsored enterprises securitized 22.3% more loans in May than in April.
The only lender type that saw an increase in GSE-related production in the first quarter was housing finance agencies. Meanwhile, deliveries to the GSEs ticked up in April. (Includes two data charts.)
Nineteen of the top-100 GSE sellers saw quarterly volumes fall more than 80% year over year. United Wholesale Mortgage, however, managed to boost its deliveries. (Includes two data charts.)