The 47.3% share for refinance business was the highest since the fourth quarter of 2016. Retail remained the largest source of both purchase and refi business, but correspondent platforms saw the biggest improvement from the second quarter. (Includes four data charts.)
Thanks to a strong origination market, loan officers are in demand. The payment of "signing bonuses" is not unusual this time of year, but will the investment in top performers be worth it? Opinions can vary.
Delinquencies continued to decline in the third quarter, helped by a strong employment market and economic growth. However, there are some signs that late payments might inch upwards. (Includes data chart.)