Purchase Trends a Bit Lighter, But Better Gain-on-Sale Margins
PUBLISHED: Thursday, March 14, 2024
Each month, we survey a significant sample of bank and non-bank mortgage originators and title agents that operate across the country. We provide a comprehensive overview of purchase and refinance demand, underwriting trends, credit availability and topical policy perspectives. We estimate our survey sample covers nearly 20% of total unit originations, which drives a robust understanding of industry conditions and a strong correlation with total originations reported by publicly-traded banks and mortgage originators.