The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
