Mortgages originated by correspondent lenders and sold to aggregators accounted for a larger share of agency business in the third quarter, according to a new Inside Mortgage Trends analysis of mortgage-backed securities disclosures. [Includes two data charts.]
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The credit characteristics of FHA loans pooled in Ginnie Mae mortgage-backed securities have gotten significantly riskier since the beginning of 2017, according to a new Inside Mortgage Trends analysis of Ginnie MBS data.
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With single-family originations expected to decline in the next few quarters, most mortgage firms are keeping a close eye on costs, hiring only if they need to.
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Comprehensive reviews of operations can provide lenders with a competitive advantage, according to Strategic Mortgage Finance Group, an advisory firm.
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Home affordability varies geographically and over time due to unique economic drivers, such as home prices, income and wealth, according to a staff working paper published by the Federal Housing Finance Agency.
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Norcom Mortgage has completed its end-to-end electronic mortgage platform with the adoption of vendor e-closing technology, making it the first mortgage lender in Connecticut to offer fully digitized closings.
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California ranked as the top state for primary mortgage insurance business in the third quarter of 2018, but not by as big a margin as its high housing costs might suggest. [Includes one data chart.]
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It will be the 11th issuance of its type by loanDepot.
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