Survey of Mortgage Originators, First Quarter 2016

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Cover of the Q1 2016 Survey of Mortgage Originators
  • Non‐QM lending tumbled in the 1st quarter from already anemic levels as investor demand for non‐QM loans retreated, but lenders expected it to improve modestly over the next six months.
  • Credit access in general is expected to rise over the coming six months driven by gains in prime and near prime lending.
  • The share of transactions delayed due to TRID was slashed from 8.3% to just 1.8% with no cancellations due to TRID.
  • Respondents continue to advise for longer rate locks, but nearly three quarters indicated that they could complete settlement without the buffer, though the use of rate lock extensions rose.


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