Your cart is currently empty!
MtgeFi Blog
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.
The US home equity TAM now projected at 2.15 million loans in 2025
The US single family home equity TAM for originations, including 2nd mortgages and home equity lines of credit (HELOCs) is projected to be 2.2 million loans in 2025.
Inspection based appraisal waivers in February – down 11.8% from a year ago
For February 2025, GSE issuance totaled $41.6BN, down 29.8% on January, but up 9.0% on February 2024. For property valuations, $35.4BN (85.1%) closed using appraisals, down 29.6%, and $5.6BN (13.5%) closed utilizing appraisal waivers, down 31.5% on the prior month. Lenders delivered $592M (1.42%) with inspection based waivers in February, down 30.8% on January. Overall,…
Housing Finance Forecast for February 2025 now available
Fannie Mae and MBA published their housing finance forecast for February 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,…
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.