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Inside Mortgage Trends

October 15, 2021

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MSR Market Roars Back to Life in 3Q21 on Bulk Sales

Rocket Mortgage sold over $40 billion of agency MSRs during the third quarter in one of the busiest servicing-transfer markets ever. Ocwen Financial, Freedom Mortgage and a trio of banks were among the buyers. Read More

Many Foreclosures Expected Despite Home Price Appreciation

Given the home price spike seen in the past 18 months, many distressed borrowers have enough equity to sell their homes rather than face foreclosure. Still, previous practices suggest that a notable share of borrowers with strong equity positions will go through foreclosure. Read More

Mortgage Employment Takes a Holiday, But Wait…

Mortgage bankers continue to search for new talent, particularly in the non-QM sector. However, the overall mortgage employment reading declined recently. An aberration or something else? Read More

New Study Finds Competition Reduces Cost of a Mortgage

Local concentration of mortgage lending may not raise interest rates, but it does increase fees and points, especially for low-income and minority borrowers. Read More

HUD Looks to Mitigate Climate Risks on Mortgage Program

As part of its plan, HUD will collaborate with VA and USDA on ways to integrate climate-related financial risk into mortgage underwriting standards and loan terms. Read More

Survey Shows Millennials and Gen Z Don’t Trust Lenders

Less than 30% of younger recent homebuyers report feeling that mortgage lenders are “trustworthy and reliable.” Millennials and Generation Z also are heavily reliant on the internet to fill gaps in financial education. Read More

Student Loan Debt Thwarts Homeownership, Says NAR

According to research conducted on behalf of the National Association of Realtors, 51% of non-homeowners with outstanding student loan debt said they have delayed buying a home because of that debt. Read More

Grapevine: UWM Ends Cryptocurrency Pilot After Six Payments

UWM accepted six mortgage payments with cryptocurrency before ending the pilot program; closing costs increased in the first half of 2021; Fannie strengthened underwriting standards for condos and co-ops. Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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