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Inside Mortgage Trends

November 6, 2020

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Wholesale-Broker Channel Up in 3Q20 Agency Market

The broker share of loans sold to Fannie and Freddie rose in the third quarter, while declining in new Ginnie business. Retail remained king, including an increase in the channel's share of agency purchase-mortgage business. (Includes two data charts.) Read More

Nonbank Mortgage Banking Earnings Double in 3Q20

Although gain-on-sale margins narrowed from the second to the third quarter, nonbanks reported strong results from their origination and secondary market activity. (Includes data chart.) Read More

Lenders Report Minimal Issues as Employees Work from Home

Working from home is going pretty well for lenders, with some reporting increased productivity and only one out of 33 surveyed noting a reduction in profits. Read More

Homeownership Rate Flat in 3Q Despite Low Interest Rates

Many potential buyers haven’t been able to take advantage of low mortgage rates because home prices have increased faster than income, limiting affordability. Read More

Signs of Life in Ginnie Mae MSR Sales? Maybe

The sale of Ginnie servicing rights have been anemic for two full quarters. But hope springs eternal the market might be reviving soon. Read More

Mortgage Fraud Risk Drops by 26% as Refis Boom

Mortgage applications for investment properties showed the greatest risk, with one in 28 containing indications of fraud in 2Q20. Read More

Former Zillow Executives Launch Digital Mortgage Firm

The startup, Tomo Networks, last week received $40 million of initial funding from institutional investors and former Zillow CEO Spencer Rascoff. Read More

LO Compensation Continued to Climb in Third Quarter

The number of LOs hired and coached increased by 19% year-over-year, according to LBA Ware. Read More

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