ARM and Jumbo Updates; FHA/VA, Manufactured Lender Trends

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Posted To: Pipeline Press

Psst… want a snapshot file that contains the national HMDA datasets as of April 18th, 2018 for all HMDA reporters, as modified by the Bureau to protect applicant and borrower privacy? Here you go . Versus 2016, there were 1 million fewer home loans originated in 2017, for example. Last year there were 12.1 million home loan applications resulting in 7.3 million loan originations (60%) by 5,852 institutions – that’s a lot of lenders ! Adjustable Rate and Jumbo News According to the most recent Origination Insight Report from Ellie Mae, which looks at the loans that pass through Ellie’s system, this March ARMs accounted for 6.3% of all mortgage loan originations —their highest share since October 2014. Every LO will tell you that rising 30-year rates are the reason…(read more)

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