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MtgeFi Blog
GSE appraisal alternatives growing at banks in 2024
This article reviews adoption of GSE appraisal alternatives in 2023 by banks who originate & aggregated loans directly for their balance sheet, and for issuance with the agencies. This is for 1st lien closed-end 1-4 family residential mortgages. Bank agency and portfolio lending For the full year there were 775 banks delivering to the agencies…
Fannie Mae Valuation Acceptance + Property Data activates 40% of lenders in 2023
The Fannie Mae Valuation Acceptance + Property Data (VA+PD) program finished 2023 with 371 lenders activated. They purchased 12,547 loans with this program representing 52.8% of the 23,751 GSE loans originated with inspection-based waivers. For January 2024, GSE issuance totaled $40.1BN, down 10.7% on the prior month. For property valuations, $35.3BN (88.1%) closed using appraisals,…
Using housing finance forecasts for 2024-2025 budgeting
HMDA is a great source of data for mortgage originations but has significant limitations if you are trying to build annual budget, such as delayed release, missing institutions and partial reporting. MtgeFi’s new originations model closes these gaps by aligning with agency, bank and credit union quarterly loan volumes to trusted industry housing finance forecasts,…
HMDA data for budgeting & forecasting – the pros and cons
HMDA is a great source of data for mortgage originations but has significant limitations if you are trying to build annual budget, such as delayed release, missing institutions and partial reporting. MtgeFi’s new originations model closes these gaps by aligning with agency, bank and credit union quarterly loan volumes to trusted industry housing finance forecasts,…
Freddie Mac ACE+ PDR solutions finish the year higher
For the full year of 2023, 476 lenders have directly delivered loans using the Freddie Mac ACE+ PDR (Automated Collateral Evaluation plus Property Data Report) and Fannie Mae Value Acceptance and Property Data (VA+PD) solutions. This represents 26.0% of the total of 1,833 active GSE sellers in the year. For December 2023, GSE originations totaled…
Correspondent lenders starting to offer new incentives with inspection-based waivers
Since inspection-based waivers were introduced by Freddie Mac and Fannie Mae the number of lenders delivering loans has grown quickly, with 25% of all agency sellers utilizing these solutions through the end of October 2023. What is less visible is the number of correspondent lenders who are taking advantage of these new solutions. To recap,…