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Inside Mortgage Trends
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Trends Grapevine: Rate Hikes, What Rate Hikes? / Non-QM Bulls

January 3, 2020
Paul Muolo
No rate hikes in 2020? A totally “neutral” Fed? We’ll see about that. Meanwhile, non-QM lenders Angel Oak Mortgage Solutions and Citadel Servicing have bulls in their eyes.
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Slight Drop in Mortgage Originations Expected in 2020

January 2, 2020
Brandon Ivey
Purchase-mortgage production is seen steady while refi activity is expected to decline. Low refi demand will cut into lenders’ profit margins. (Includes data chart.)
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Bank MSR Valuations Sink To a 3-Year Low in 3Q19

December 13, 2019
John Bancroft

Most of the banking industry's decline in servicing for others was attributable to a $26 billion drop at Wells Fargo.


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Mortgage Hiring was Strong in the Fall. As for 2020…

December 13, 2019
Paul Muolo

A new year is upon us and even though production should slow in 2020, several lenders have big-time hiring plans, including Angel Oak and UWM.


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Lenders Report Big Gain in Production Income in 3Q19

December 13, 2019
John Bancroft

The industry increased profits on the production side of the aisle by pushing a higher volume of business through their platforms, reducing per-loan costs for personnel, occupancy and technology. (Includes data chart.)


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China Leading Blockchain Use in Securitizations: Fitch

December 13, 2019
Yemeng Yang

The application of blockchain technology in asset securitizations is growing faster in China than in other parts of the world, with at least eight deals completed.


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VA Program Use Strongest Around Military Bases

December 13, 2019
George Brooks

A new paper published by Harvard University found that VA lending is strongest in areas near major military installations. Another finding: VA lending as a share of all mortgages has increased faster in places with higher concentrations of veterans or active-duty personnel.


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American Mortgage's Plan: You Work It, You Own It

December 13, 2019
Yemeng Yang

A one-year-old mortgage startup in California decided to become fully owned by its employees. The concept is rare, but not necessarily new.


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Bank Mortgage Repurchases Hit Record Low in 3Q19

December 13, 2019
John Bancroft

Mortgage repurchases and indemnifications by banks and thrifts declined 22.6% from the second to the third quarter, and repurchase reserves fell to their lowest level ever. (Includes data chart.)


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Downpayment Assistance Doesn’t Increase Defaults

December 13, 2019
Brandon Ivey

Findings by HUD that mortgages with DPA perform worse than other loans fail to include important controls, according to research published by the St. Louis Fed. In other words, downpayment assistance loans aren't so risky after all.


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