The SEC has finalized a rule prohibiting certain conflicts of interest in the securitization market. Industry participants are largely happy with changes in the final version of the rule.
The baseline loan limit for one-unit properties will be $766,550 next year. Home prices are projected to continue to rise in 2024 but the rate of growth is open to debate.
Wholesale mortgages accounted for nearly 20% of Citizens Bank’s originations this year. The bank joins many others that have fled the sector following 2008.