Underwriting standards tend to deteriorate in dire circumstances, but GSE sellers appeared to avoid taking excessive risk as 2022 wound down even as sales volumes plummeted. (Includes two data charts.)

Will more depositories abandon the wholesale channel?

The top three FHA lenders in the third quarter: UWM, Rocket Mortgage and loanDepot...

VA lending took the brunt of the 3Q22 downturn as its streamlined refinance business all but disappeared. Meanwhile, UWM overtook Rocket in the FHA market. (Includes three data charts.)

Late payments are at an historic low as the economy hums along with near-full employment, Inside Mortgage Finance’s loan performance survey shows. (Includes data chart.)

Mortgage late payments were down in all default categories in 3Q22, with the exception of the 60-90-day bucket...

Broker-reliant United Wholesale Mortgage edged out Rocket, which prefers the retail channel, for the top spot in agency loan sales amid plummeting volume and deteriorating credit quality. (Includes data chart.)

Most junior-lien outstandings are parked on the balance sheets of federally insured depositories...

Home-equity originations rose sharply in the second quarter as robust housing value growth and soaring interest rates formed a perfect environment for tapping equity by way of second-lien mortgages. (Includes three data charts.)

Ginnie Mae MBS issuance declined again in August as refinances and VA securitizations contracted. PennyMac continued to top the issuer ranking. (Includes two data charts.)