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MtgeFi Blog
Housing Finance Forecast now available for 2025 and 2026
In October, Fannie Mae and MBA increased 2025 estimates by ~600,000 loans. With the November release, these increases have effectively been reversed.
Over $1BN of inspection based waivers in October for first time
Lenders delivered $1.09BN (1.64%) with inspection based waivers in October, up 32.1% on September, and surpassing $1BN in monthly issuance for the first time.
FHFA expands appraisal alternatives for new purchases in 2025
This week, FHFA announced expansion of the appraisal alternatives for primary residence & second home purchase loans – with inspection based waivers now offered up-to 97% CLTV.
Correspondents make the most of inspection based waivers in September
In a month where GSE issuance was down across-the-board, it is noteworthy that the correspondent channel delivered their largest single month of inspection based waivers since both GSE solutions became fully operational, with 19.1% of total issuance.
Housing Finance Forecast for September available now for 2024/2025
Fannie Mae and MBA published their latest housing finance forecast for September 2024 this week providing estimates of the quarterly purchase and refinance origination volumes for 1st lien, closed-end, single family mortgages in 2024 and 2025. MBA is now forecasting the number of loan originations to be 8.9% and 10.9% higher than Fannie Mae for…
Appraisal Waivers in August Highest on Rocket Mortgage Utilization
Lenders delivered $915MM (1.56%) with inspection based waivers in July, down 2.3% on June 2024. A total of 1064 correspondents (excludes GSE sellers) have now exercised offers, compared to 547 direct GSE sellers.