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Inside Mortgage Trends

February 5, 2021

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Correspondent Claws Back Some Market Share in 4Q20

The correspondent production channel boosted its share of loans delivered into agency MBS during the fourth quarter, but not enough to regain its former glory. (Includes two data charts.) Read More

Mortgage Banking Income Fades for Banks in 4Q20

Most publicly held banks reported substantial declines in mortgage banking income in the fourth quarter. But earnings for the full year were stellar, up about 78% from 2019. (Includes data chart.) Read More

A $34B ‘Flow’ Auction and Questions on the Seller

It’s not every day that a lender commits to sell $34 billion of MSRs. IMA is the investment banker on the package and speculation is rising on who the seller might be. Read More

Lenders’ Profits Expected to Decline After Exceptional 2020

If mortgage originations are operating in a typical three-year cycle, profits will likely fall this year, according to industry analysts. The wild card: how lenders react to continued demand for refis. Read More

MISMO’s ‘Innovation Investment Fee’ Goes Live

For the first time, MISMO is charging a 75-cent-per-loan fee for mortgages registered electronically. The fee will help fund MISMO’s activities, with an emphasis on digital mortgages. Read More

Mortgage Loan Officers End 2020 With Fatter Wallets

The income of mortgage LOs increased to roughly $27,400 per month in the fourth quarter of 2020 from approximately $16,900 in the year-ago period, according to LBA Ware. Read More

Vaccine Rollout Key to Robust Economy in 2021

Mike Fratantoni, chief economist at the MBA, predicts that with the rollout of vaccines for the coronavirus, the leisure and hospitality business will recover, resulting in forbearance and delinquencies curing. Read More

Home Purchases Strong as Inventory Continues to Shrink

Home-sale prices increased by 18% year-over-year for the week ending Jan. 24, while pending sales grew by 28%, according to Redfin. Read More

PacWest Acquires Civic, More Deals Afoot?

It’s rare for a depository to get involved in fix-and-flip lending but that could be changing. Read More

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