High debt-to-income ratio remained the largest denial reason for purchase-mortgage applications in 2023, while credit history issues moved into the top spot for denials of refinances.
Most REITs reported declines in the fair value of their agency MBS during the first quarter of 2024. Non-agency MBS holdings were up, as were net TBA positions. (Includes two data tables.)
FHA’s share of the government-insured market declined to 60.8% in the first quarter of 2024, while VA production improved from the fourth quarter led by IRRRLs. (Includes three data tables.)