Low interest rates are great for lenders but servicers are having a tough time of it, especially shops looking to unload product. One dealmaker is advising clients to sell MSRs now before they “vaporize.”

2019 was a banner year for warehouse mortgage providers, thanks to strong nonbank originations in the primary market. And now it appears that 2020 could be even better.

If a Democrat wins the presidential race, industry analysts expect regulatory changes in the mortgage industry. If Trump is reelected, GSE reform efforts will continue to gather pace.

The future looks particularly bright these days for non-qualified-mortgage shops looking to sell or go public. One lender that can take down the for-sale sign is Citadel Servicing Corp.

Concerned about relaxed appraisal standards for mortgage originations, two senior members of the House Financial Services Committee want the Government Accountability Office to conduct a study.

Loan applications took a dive last week but for the most part lenders remain optimistic about the months ahead. Meanwhile, a fintech lender plans to buy a bank, an industry first.

Federal Reserve economists found that black and Hispanic borrowers ended up with mortgage rates 2 to 3 bps higher than those of white borrowers. But they also found that these minority borrowers paid fewer points, offsetting the difference in interest rates.

The wholesale-broker market was the fastest-growing production channel in 2019 and reached its strongest annual volume since the financial crisis. Retail saw bigger gains in the fourth quarter as refinance volume spiked. (Includes six data charts.)

Wells Fargo will soon have a new mortgage chief: Michael Weinbach, who comes over from JPMorgan Chase. His mission: to control the megabank’s mortgage message.