Loans originated in the retail channel and delivered into agency mortgage-backed securities continued to show a lower risk profile than mortgages acquired from correspondent originators or funded through mortgage brokers, according to a new Inside Mortgage Trends analysis of MBS data. The average credit score for retail originations was 727.27 in second-quarter agency MBS, 6.47 points higher than the average for correspondent loans and ... [Includes two data charts]
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
House Republicans called for the Department of Housing and Urban Development to roll back the FHA payment supplement program.
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