January agency MBS issuance ranked as the third largest monthly total on the record books. Production was almost exactly double the amount issued in January 2020, before the pandemic led indirectly to a massive refinance wave.
Mike Fratantoni, chief economist at the MBA, predicts that with the rollout of vaccines for the coronavirus, the leisure and hospitality business will recover, resulting in forbearance and delinquencies curing.
With Wells Fargo being less aggressive these days, mortgage competitors feel emboldened to make offers to its best and brightest. A temporary situation?
HUD issued a final rule on the much-debated disparate-impact theory in September. A month later, a federal court ordered a preliminary injunction blocking its implementation.
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