For refinances completed during the second quarter, 28% of borrowers remained with the servicer of their previous mortgage, the largest share since the pandemic started, according to Black Knight.
Loan officers continue to benefit from strong refis and purchases, but compensation is coming under pressure. Meanwhile, the need for processors is not abating, according to LBA Ware.
Fannie Mae and Freddie Mac turned in a solid gain in single-family production during the third quarter of 2018, according to an exclusive ranking and analysis by Inside Mortgage Finance.