Survey of Mortgage Originators, First Quarter 2016

Download (PDF: 2.7 MB)


  • 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 percent to just 1.8 percent 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.