When poet T.S. Eliot wrote those immortal words about spring, he wasn’t thinking about the home-finance sector. But company headcounts are being reduced as shops plan for leaner days ahead.
It seems that some non-QM lenders learned a valuable lesson this spring: When in doubt, hedge your production pipeline. Then again, it doesn’t apply to all loan types.
As the non-QM market works out its kinks, deal activity should pick up, despite higher interest rates. Due diligence providers like Clayton are hoping the largess comes their way.
If you’re looking for some good news regarding the mortgage sector, take a peek at MSR values for 1Q22. They increased nicely, offering some shops a financial boost of sorts.