The warehouse lending sector is being inundated with requests for line increases as applications go through the roof. But not all financiers are participating, namely Texas Capital.
The creation of the qualified-mortgage patch was “unfair” but necessary to prop up originations, according to former CFPB officials who were involved in crafting the temporary rule.
The mortgage banking industry is grappling with historically low rates that are spurring a boom in originations but an anticipated bloodbath in MSR markdowns. Profits galore or Armageddon times?
The outstanding supply of home-equity debt fell close to the $500 billion mark in late 2019, and depository HELOC holdings dropped to $402 billion. (Includes three data charts.)
Fannie, Freddie and Ginnie securitized $51.1 billion of conforming-jumbo loans in the fourth quarter of 2019, but that represented 29.5% of total jumbo production. (Includes three data charts.)
With rates falling to historic lows this week, originators are salivating at the possibilities. But will the boom bring capacity issues? Maybe, maybe not.