Survey of Mortgage Originators, Third Quarter 2016
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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.