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Inside Mortgage Trends

March 13, 2020

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Fear and Loathing on MSR Marks (The Coronavirus Effect)

Thanks to rates falling to new lows last week, the asset value of servicing portfolios is in question. In short, margin calls are expected. Read More

Broker Share Retreats in Agency-Heavy 4Q19 Market

Correspondent production across all three major mortgage food groups was up 12.6% from the third to the fourth quarter, while retail rose 5.8% and wholesale-broker managed just a 2.5% gain. (Includes two data charts.) Read More

Court Sides with Borrower in Dispute Over E-Signature

A lender provided e-signed document authentication from DocuSign and testimony from a compliance officer, but that wasn’t enough to convince two courts that the borrower had actually signed the document. Read More

Retail Bank Originations and Loan Sales Decline in 4Q19

Although secondary market sales by bank mortgage banking platforms were down 8% in the fourth quarter, it still ranked as one of the busiest periods since early 2013. (Includes two data charts.) Read More

Former CFPB Officials Latest to Weigh In on QM Patch

The creation of the qualified-mortgage patch was “unfair” but necessary to prop up originations, according to former CFPB officials who were involved in crafting the temporary rule. Read More

Credit Union Mortgages Tend to Have Lower Interest Rates

Credit unions tend to offer mortgages with lower interest rates than other lenders. However, their share of originations is relatively low and the gap between them and banks in terms of interest rates has narrowed. Read More

Freddie Reports State-Level Housing Shortage

Prior to the 2008 housing crisis, the supply of new housing units dipped below 1.25 million only once, in 1982. Following the crisis, the supply didn’t rise above 1.25 million until 2017. Read More

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