Okay, so the first eight weeks of the year have been tough on originators. However, it looks as though Russia’s invasion of Ukraine could cause the Federal Reserve to move slowly on interest rates.
Warehouse finance was a great business to be in the past two years. But with rates rising and primary market originations slipping, all bets are off. The spring homebuying season should bring some relief. (Includes data chart.)
In January, the GSEs took in a significant volume of mortgages with balances greater than the baseline conforming loan limit for 2021. Note: A number of lenders had given themselves a head start on 2022 loan limits.
The FHA said its multifamily portfolio has proven to be consistently resilient to significant COVID-19 impacts, and temporary underwriting requirements were no longer needed.
Acting Comptroller of the Currency Michael Hsu believes updated CRA standards should reflect changes in the business of banking, particularly the increased use of mobile and internet delivery channels.
Sales of mortgage servicing rights have been nothing short of stunning the past five quarters. Can the good times last? Yes, if prepayment speeds cooperate.
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