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Inside Mortgage Trends

September 23, 2022

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Correspondents Gain Share in GSE Market in Second Quarter

The correspondent channel regained market share lost during the refi boom in the conventional-conforming sector. The retail channel remained the largest source of originations in the sector in the second quarter. (Includes two data charts.) Read More

Bank Mortgage Sales Down in 2Q22, Pipeline Low as Well

Commercial banks and savings institutions reported significant declines in secondary market mortgage activity during the second quarter. Home loans held for sale on banks’ books also saw a severe drop. (Includes two data charts.) Read More

Bank Repurchases Bounce Back in Second Quarter

Repurchase activity at banks and thrifts increased sharply during the second quarter. PNC Bank overtook JPMorgan Chase to lead the industry in buybacks. (Includes data chart.) Read More

Rushmore Quietly Exited TPO Ahead of Sale

It’s not easy making a living originating loans these days, especially for third-party lenders. The latest firm to exit TPO: Rushmore. Read More

MISMO Proposes More Efficient Reference Model

The standards-setting organization made tweaks large and small to its model, to smooth out workflow issues between transaction parties, and to allow companies to build new products. Read More

UI Advocates Expanding Access to Refinancing

Under the proposal from Urban Institute authors, mortgage servicers would be required to call borrowers within three months to offer refinancing once a payment reduction is triggered. Read More

MISMO’s Standardization Presents Some Hurdles

Stakeholders talk about the challenges in sharing MISMO datasets between different parts of the industry. Read More

Grapevine: A Glimmer of Good News; Outreach to Hispanics

Mortgage applications increased, affordability improved and defects are down; lenders expand outreach to Hispanic borrowers; Amrock offers cell phone e-close option; Rocket program temporarily reduces interest rates; study on flood risk disclosures; automated fraud detection. Read More

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