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Inside Mortgage Trends

May 20, 2022

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Credit Quality Suffers as Loan Sales Plummet in 1Q22

As retail and correspondent loan sales to the agencies fell by 20%, lenders became visibly less discerning about credit quality, with credit scores dropping and DTI/LTV ratios rising. (Includes two data charts.) Read More

MSR Valuations Lift Nonbank Earnings in 1Q22

Rising interest rates helped to push up income tied to mortgage servicing rights more than they reduced income from originations among a group of publicly-traded nonbanks. Results varied to some extent, with one large mortgage company even taking a loss in the quarter. (Includes data chart.) Read More

MBA CEO Sees Reasons for Hope in Tough Originations Market

If projections by the MBA are correct, interest rates for mortgages are levelling off, which should relieve some of the pressure lenders are facing on originations and profit margins. Read More

More Mortgage Job Losses, but Not Quite an Avalanche

It’s no secret that mortgage bankers and brokers are cutting workers as lending ebbs in a much higher rate environment. But with the exception of Better.com, the layoffs have not been huge. Yet. Read More

Guild Mortgage Joins Growing Crop of ‘Power Buyers’

A growing sector in home financing involves power buyers, who with all-cash offer guarantees help homebuyers compete against investors. Read More

Lenders Embrace Appraisal Reform

A Fannie Mae survey of lenders found almost all hope the appraisal process will enter the 21st Century, but most would first invest in digital loan application systems or e-mortgages. Read More

Multipronged Approach Needed on Racial Homeownership Gap

Despite a flurry of recent programs and proposals to address the racial gaps in wealth and homeownership, speakers at a Federal Reserve webinar said more urgency is needed. Read More

Grapevine: Understanding UWM; White House’s Housing Plan

Chairman Mat Ishbia suggests those calling for cost reductions and layoffs at United Wholesale Mortgage don’t understand the lender; impact of Biden administration’s housing plan expected to be “limited;” mortgage costs soaring. Read More

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