Bidders continue to sidle up to the MSR auction bar as interest rates move higher. Are premium prices beginning to waiver? We’re not there yet but sometimes the market can turn on a dime.
If it weren’t for MSR sales, Home Point would have lost money in the fourth quarter. The nonbank continues to scale back its breadth, announcing a deal to sell its stake in reverse lender Longbridge Financial.
Okay, so the first eight weeks of the year have been tough on originators. However, it looks as though Russia’s invasion of Ukraine could cause the Federal Reserve to move slowly on interest rates.