The share of GSE purchase mortgages with LTV ratios above 80% increased during the second quarter to a level last seen in 2023. However, lenders held firm on credit scores and the high-LTV-ratio share of refi business declined. (Includes two data tables.)
By prohibiting its affiliate brokers from sending loans to Rocket Mortgage, United Wholesale Mortgage induced price cuts by brokers not covered by its exclusivity agreements.