Your cart is currently empty!
MtgeFi Blog
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,…
Correspondent sellers make big gains with inspection-based waivers
For November 2023, GSE originations totaled $47.7BN, down 9.86% on the prior month. For property valuations, $41.1BN (86.1%) closed using appraisals, down 9.56%, and $5.78BN (12.1%) closed utilizing appraisal waivers, also down by 12.35% on the prior month. Lenders closed $845MM (1.77%) with inspection-based waivers, down 7.27% on October 2023. Overall, inspection-based waivers comprised 12.76%…
Inspection-based waivers now used by 25% of GSE sellers this year
For October 2023, GSE originations totaled $50.8BN, down 14.4% on the prior month. For property valuations, $43.5BN (85.8%) closed using appraisals and $6.36BN (12.52%) closed utilizing appraisal waivers. Lenders closed $879MM (1.73%) with inspection-based waivers, up 1.6% on September 2023. To put this into perspective, in a month where 15% less loans were delivered to…