Retail production shops and mortgage brokers managed to sustain origination volumes fairly well in the fourth quarter of 2017, but correspondent platforms had a tougher time of it, according to a new Inside Mortgage Finance ranking and analysis.
A key GOP lawmaker is raising concerns about $353 million in funds slated to be paid by Fannie Mae and Freddie Mac toward affordable housing programs, while a liberal-leaning think tank tries to show that a proposed Senate reform plan would do more for affordable housing than critics say.
“The new year has all of us in the MSR market off to a running start as we see increases in mortgage rates and lower originations leading to greater demand, allowing for improved pricing of the MSR asset,” said Tom Piercy, managing director of Incenter Mortgage Advisors, Denver.
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