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MtgeFi Blog
Housing Finance Forecasts for May 2024 Available Now for 2024/2025
Fannie Mae and MBA published their latest housing finance forecast for May 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. For May, the MBA and Fannie Mae forecasts for 2024 and 2024 remain aligned as MBA lowered purchase and…
Rocket Mortgage market share now over 40%
With total GSE issuance was down another 10% in April, production with inspection-based waivers remained steady. Rocket Mortgage continues to dominate use of inspection-based waivers, achieving 40% market share of delivered loans, and has yet to activate these solutions in the correspondent channel.
Credit union home equity lending stays strong in Q4 2023
In 2023 there were 3,598 total credit unions submitting quarterly financial disclosures with 3,321 (92.1%) recording home equity on the balance sheet. Of these, 2,969 (82.5%) recorded HELOANs and 2,227 (61.9%) recorded HELOCs.
Bank home equity lending is strong in 2023
This article reviews banks who originate, purchase and hold home equity loans (HELOANs) and lines of credit (HELOCs) on their balance sheet. We use quarterly bank financial statements to develop the information shared in this article, and will provide updates after the end of each quarter. These disclosures break out closed-end 1st liens and junior…
Housing Finance Forecasts for 2024-2025 Now Converging in April 2024
Fannie Mae and MBA published their latest housing finance forecast for April 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. For April, the MBA and Fannie Mae forecasts for 2024 and 2024 are now more closely aligned as MBA…
Over 492 Top Mortgage Correspondents Now Using Inspection-based Waivers
This article quantifies the number of top mortgage correspondents using appraisal alternatives in 2023. We publish monthly updates on the actual use of inspection-based waivers by GSE issuers, but to-date had only provided estimates of the utilization by mortgage correspondents. The most recent article for GSE issuers is available Select lenders maximizing inspection-based waivers in…