While production at the two government-sponsored enterprises rose a combined 6.7% for the month, hitting $117.55 billion, Ginnie issuance was off 7.3% from October.
Alaska, Hawaii, Guam and the U.S. Virgin Islands have a higher ceiling due to above-normal construction costs. In 2020, their ceiling will be at $1.148 million...
Inside Mortgage Finance found that lenders originated an estimated $369.0 billion of purchase mortgages in 3Q19, accounting for 52.7% of total first-lien production…
Table-funding increased by 16.7% from the second quarter, hitting an estimated $98 billion in the most recent period. That’s a healthy increase and represented the strongest quarter for broker production since early 2008…