Survey of Mortgage Originators, Third Quarter 2016

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Highlights:

This survey covered lenders’ experiences in the fall of 2016 and also included questions on the impact of recent policy and regulatory changes. Some of the findings:

• Non-QM lending has not bounced back from the implementation of the risk retention rule, while rebuttable presumption lending continues to gain ground.
• Credit access for lower-credit prime borrowers is expected to rise while all other categories are likely to moderate.
• The share of transactions delayed due to TRID rose to 2.6 percent, but both TRID and non-TRID cancelations fell.