Potential MSR sellers abound, but what price will they accept?

The third quarter has yet to end and the big question for the industry boils down to this: Will 3Q be better than 2Q?

Among other things, Fannie found that for 3Q16, more lenders expect to sell their mortgages to the GSEs rather than keeping them in portfolio.

There is no clear explanation as to why VA rates are lower than the competition, but some industry participants, including Tom Piercy of Incenter Mortgage Advisors, speculate prepayments might be the reason.

One mortgage branch manager described the underwriter shortage as a “big time” problem.

Cash-flow underwriting for mortgages on investment properties also may present regulatory concerns…

Meanwhile, while the jumbo securitization rate during the quarter was a paltry 0.8 percent…

Meanwhile, many mortgage companies that specialize in production are posting strong profits…

Angel Oak also has a much smaller division, Angel Oak Prime Bridge, that originates nonprime mortgages for investment properties.

Thank you 'Brexit:' Some analysts now believe the industry will surpass 2015’s origination total of $1.735 trillion.