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Inside Mortgage Trends

March 22, 2024

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Mortgage Banking Profits Whacked Again at Yearend

With barely any refinance activity, the seasonal housing slowdown showed overcapacity in production platforms that squashed profitability. (Includes data table.) Read More

Retail Channel Loses Some Share in Fourth Quarter

The retail channel lost some ground across all three loan product categories. In the conventional-conforming market, the retail share went from 38.8% in the third quarter to 38.2% in the fourth quarter. (Includes two data tables.) Read More

More Talk Than Action in Congress on Housing Affordability

Most lawmakers and industry stakeholders drew attention to the need for more housing supply. Read More

Guild, loanDepot Take Losses in Fourth Quarter

Two large nonbank retail lenders took losses in the fourth quarter, with officials stressing that better days are ahead. Guild is growing through M&A while loanDepot is reducing its staffing. Read More

Lenders Advised to Prepare for Cyberattacks

Mortgage companies need to have a plan and a team in place to handle potential cyberattacks, according to security experts. Read More

UI Offers Tools to Help Lenders Launch SPCPs

The Urban Institute, with funding from the National Fair Housing Alliance, has developed resources lenders can use to launch special purpose credit programs. Read More

Hispanic Homeownership Rate Nears 50%

The National Association of Hispanic Real Estate Professionals called for more public policy to support Hispanic lending, including through special purpose credit programs. Read More

Grapevine: Lenders Boost Use of RON; Rep-and-Warrant Coverage

Lenders look to remote online notarization; Ocrolus offers rep-and-warrant coverage for income calculations; ICE offers tool to facilitate reconsiderations of appraisals; Planet Home launches products to help borrowers compete with cash offers; property insurance costs rise nearly 20%; Flagstar plans tech accelerator program; disconnect on homebuyers’ plans and saving for a downpayment. Read More

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