Underwriting

However, a tiered pricing system will limit an inflation-driven increase to under 10% for a small group of originators.

The change, effective Dec. 21, is being put into place two years after it was first proposed.

A Fannie Mae survey says 36% get only one quote, while a separate Zillow study found 72% don't plan to look for options.

The 15-year fixed-rate mortgage saw an average rise of 6 basis points that was higher than the overall gain, according to a retrospective report issued Wednesday.

Recent changes to the loan level price adjustments should bring business to private mortgage insurers, but if the government agency acts as expected, it would shift the other way, according to a report from BTIG.

The gain of 3 percentage points in 2022 reinforced industry calls for the agency's mortgage insurance premium to be slashed when the current fiscal year federal budgeting process is completed.

A combination of fewer mortgage originations and investment losses for some companies contributed to declines.

The drop was led by a large decline in cash-out refinancing volume, Black Knight said.

Choices of which homes are used for comparisons play a major role in disparate home valuations for Black and white homeowners, according to studies recently released by the National Community Reinvestment Coalition and academic researchers.

The non-qualified mortgage lender lost $13 million in the quarter, a slight improvement over the previous period.