Analysis and Data

A more complex market is changing how refinance loans are evaluated, priced, and sold

Cooling gains may ease buyer strain, but inflation-adjusted declines and regional splits complicate outlook for LOs and borrowers

New data from Truework shows verification friction and income consistency are increasingly determining which loans make it to closing, shifting risk earlier in the pipeline

Rates rise across key property types, with CMBS and office exposure driving risk into 2026

Midwest markets lead in doctor home affordability, with purchase timelines as low as 1–2 years versus 11+ in high-cost states

Lower home sale returns are reshaping borrower equity, concessions, and transaction stability across U.S. markets

Redfin data highlights where younger borrowers are gaining ground in larger homes, offering insight for mortgage originators

Seasonal improvement lowers early-stage delinquencies, but rising serious delinquencies and foreclosure activity signal growing late-cycle credit risk for originators

New analysis shows widening gap has pushed the price-to-income ratio to more than 5, nearly double historical norms

NewDay USA survey finds high demand and near-universal satisfaction with VA loans, while closing costs, income constraints, and knowledge gaps continue to limit buyer readiness