ARM lending ticked up during the third quarter though the ARM share of total originations remains well below the level seen in 2019. (Includes data chart.)
Meanwhile, David Fleig, president of MorVest Capital, was reporting “very strong” interest in MSR financing on the part of independent mortgage bankers.
Mortgage industry stakeholders welcomed Sandra Thompson’s nomination, touting her achievements in her current role as acting director of the Federal Housing Finance Agency.