Margins on originations through the wholesale channel are plummeting, with market leader UWM trying to squeeze competitors. Third-ranked Home Point was operating at breakeven levels in April.
Bulk servicing sales are beginning to catch fire. Credit: rising rates and slower prepayment speeds. Moreover, dealmakers anticipate a red-hot third quarter for transactions.
Industry trade groups want the final rule to include clear exceptions to the moratorium provisions, clarify the scope of the streamlined modification exemption and streamline proposed early intervention requirements.