Millenials

SEPTEMBER 29, 2014
by DAN GREEN

themortgagereports9-30-14Even as they’re losing market share, conventional mortgages via Fannie Mae and Freddie Mac dominate today’s mortgage lending landscape.

According to mortgage origination software maker Ellie Mae, nearly two-thirds of August’s closed loans were financed with conventional loans, with the majority of the remaining closed loans spread across FHA loansand VA loans.

A small percentage of August’s closed loans were linked to portfolio and jumbo loans.

WHAT IS A CONVENTIONAL MORTGAGE?

A conventional mortgage is a home loan which is not explicitly guaranteed or insured by a government agency. Conventional mortgages are typically backed by Fannie Mae or Freddie Mac, but not always.

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Conventional Loans Dominate U.S. Mortgage Market

SEPTEMBER 29, 2014 by DAN GREEN Even as they’re losing market share, conventional mortgages via Fannie Mae and Freddie Mac dominate today’s mortgage lending landscape. According to […]

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