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MtgeFi Blog
Hybrid appraisal eligibility now expanded to 94.7% for lenders
Fannie Mae will include Desktop Underwriter (DU) messaging specifying eligibility for a hybrid appraisal on March 22, 2025. Freddie Mac hybrid appraisal expansion will be effective for Loan Product Advisor (LPA) submissions and resubmissions on or after April 7, 2025.
Inspection based waivers in January: 42% higher in a year
Combined use of inspection based waivers and appraisal waivers in January was 15.1% by balance and 17.0% by loan count, up 11.9% and 13.2% respectively from January 2024.
Housing Finance Forecast for January 2025 now available
Fannie Mae and MBA published their housing finance forecast for January 2025 this week. These are forecasts of the quarterly purchase and refinance origination volumes for 1st lien, closed-end, single family mortgages for 2025 and 2026. This article provides a brief review of these latest forecasts and highlights the major changes in projected loan originations,…
The US single family mortgage TAM is now expected to be 7.4 million loans in 2025
The US single family mortgage TAM for originations in 2025, including 1st and 2nd mortgage and home equity lines of credit is estimated to be ~7.4 million loans.
How to Manage an Appraiser Direct Engagement Model: Best Practices
Appraiser direct engagement is where lenders or authorized third-party entities work directly with licensed appraisers to perform property appraisals for mortgage transactions.
Inspection based waivers in December highlight 66% growth last year
The number of inspection based appraisal waivers used by GSE sellers in 2024 was 40K (2.0%) compared to 24K (1.3%) in 2023, a jump of 66.4%.