DSCR: Conventional Lenders Edging Out Private Market?
As residential refinance activity declines, the origination-starved conventional mortgage industry has more than doubled its appetite for debt service coverage ratio loan products. Originations—both conventional and private—have been increasing annually since 2019, peaking in 2022. Current levels remain higher than those in previous years, and projections suggest even more originations in 2024 than in 2023. [...]