The conventional-conforming and government-insured sectors took the brunt of the decline in mortgage originations during the fourth quarter. Jumbo held steady, while ECM gained. (Includes two data charts.)
Non-agency mortgages for investment properties are increasing thanks to volatility in GSE pricing and lenient underwriting standards. Volume could take a hit as interest rates increase.
In the market share wars, one company’s difficulty is another shop’s opportunity. As the second month of a new year begins, stakeholders survey the origination landscape.
When it comes to guarantee fees, some industry participants say they don’t see much policy difference between current FHFA Acting Director Sandra Thompson and her predecessor, Mark Calabria.
First-lien originations set a new annual record of $4.825 trillion in 2021 despite an 8.4% decline in the fourth quarter. Many top lenders reported significant quarterly declines in production.
Loan originators hurting for business as GSE refis decline should consider non-QMs, according to industry participants. Some major lenders are expecting non-agency lending to jump this year.
Institutional investors have forced down the price of mortgage company debt, making it harder for new deals to come to market. But is it the end of the world?
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