Senior mortgage banking executives are expecting that demand for non-agency programs will intensify. At the same time, the group expects requirements on such programs to ease.
On loans to finance a home purchase that are eligible for government-sponsored enterprise programs, half of home-lending executives experienced increased demand over the past three months.
At the same time, 22 percent reported that consumer demand had weakened. That put the net-up share at 28 percent, far below the 70 percent net-up share in the year-prior period.
Source: Mortgage Daily
