The rise in interest rates during the third quarter limited originations and put pressure on profitability. The value of mortgage servicing rights increases as interest rates go up, but that wasn’t enough to offset declining production revenue at many banks. (Incldues one data table.)

Companies are starting to reduce overhead costs through the use of AI in servicing and originations.

Uncertainty regarding the performance of VantageScore 4.0 and FICO 10T compared with Classic FICO is prompting mortgage investors to penalize mortgages underwritten with new scoring models.

Purchase mortgage share tilted toward mortgages with higher LTV ratios. And both purchase loans and refis saw a higher share of borrowers with low credit scores. (Includes two data tables.)

Housing market dynamics appear healthier in some Northeastern markets as they stagnate elsewhere.

To help with affordability and housing supply shortages, experts in the mortgage space are looking to technology innovations and creative ways to qualify buyers and make homeownership possible.

A new study shows that more than 60% of the fees the GSEs waived for lower-income and first-time homebuyers after the pandemic went to lenders and LOs.

Advisory firm Garrett, McAuley & Co. surveyed mortgage companies and found their satisfaction with subservicers varied widely.

Rocket was the top bulk seller with a sharp increase in transfers, but a number of other sellers pulled back. Coissuance activity increased somewhat from the second quarter. (Includes three data tables.)

Lenders see recapture programs as a growth opportunity as origination volume is expected to decline next year.