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MtgeFi Blog
Inspection Based Appraisal Waivers in May – Highest Month on Record
For May 2025, GSE issuance totaled $56.7BN, up 19.4% on April, and up 1.8% on May 2024. For property valuations, $46.3BN (81.6%) closed using appraisals, up 18.6%, and $9.08BN (16.0%) closed utilizing appraisal waivers, up 22.4% on the prior month. Lenders delivered $1.34BN (2.36%) with inspection based appraisal waivers in May, up 29.7% on April.…
Non-QM Construction Loans Market Now Over $15BN in 2025
The US single family residential TAM for Non-QM short term building and construction loans in Q1 2025, stands at $15.5BN and 40,898 loans, and average loan size is $351,103. The total number of lenders is 8,975.
UWM Mortgage Servicing – See Latest Bulk MSR Sale Results
After the Rocket acquisition announcement, UWM acted immediately to move sub-serviced loans from Mr. Cooper, and then to bring all servicing in-house. In addition to sub-servicing agreements, a substantial portion of UWMs mortgage servicing rights (MSRs) have been sold to other institutions in the last 10 years.
Inspection based waivers in April – brokers top 40% of issuance for first time
Broker channel delivery of $421MM was 41% of total loan balance and the largest since the GSE programs began. This was 122% higher than April 2024 on 5.3% lower GSE issuance.
Housing Finance Forecast for April 2025 now available
The MBA forecast now estimates 5.79 million and 6.53 million loan originations for 2025 and 2026 respectively, with estimates up marginally for 2025 and 2026 from March.
Appraiser Direct Hybrid Appraisals Now Available
Lenders can order hybrid appraisals directly from their approved appraisers today. This is because the GSEs have implemented controls necessary to ensure approved providers manage the completion of property data reports.
Amarillo National Bank now Top Texas Community Bank in 2024
Amarillo National Bank is the top Texas community bank, with assets of $9.56BN. Texas ranks first in the US with a total of 313 banks and $295BN (8.4%) in total assets, with Illinois second and California third by total assets.
Inspection based appraisal waivers in March – up 57% on Rocket and UWM growth
Lenders delivered $931M (2.05%) with inspection based appraisal waivers in March, up 42.1% on February. This is the first month where inspection based appraisal waivers have surpassed 2% of loans delivered since the program started.
Byline Bank is the Top Illinois Community Bank in 2024
Byline Bank is the top Illinois community bank, with assets of $9.48BN, up 6.85% Year-on-Year (YoY) from $8.87BN in December 2023, and 0.74% Qtr-on-Qtr (QoQ) from $9.41BN in September 2024.
Over 2,500 lenders ready to use hybrid appraisals now
Agency and non-agency lenders are utilizing hybrid appraisals immediately, with 585 GSE direct sellers and 2070 correspondents already enabled. Lenders are using and implementing hybrid appraisals to tackle slower turn times and higher fees that exist today in certain markets.