MtgeFi Blog
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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.
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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.
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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%.
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Housing Finance Forecast for December 2024 now released
Fannie Mae and MBA forecast refinance activity 30-40% higher and purchase loans 5-8% higher in 2025, compared to 2024.
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More than $1.1BN of inspection based waivers in November
Lenders delivered $1.12BN (1.65%) with inspection based waivers in November, up 2.7% on October, and surpassing $1BN in monthly issuance for the second consecutive month.
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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.
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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.
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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.
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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.
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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…