Cart

Inside Mortgage Trends

March 31, 2023

View Archived Issues

4Q22 Brings Sharp Drops in Production/Servicing Income

A diverse group of bank and nonbank lenders eked out a modest $375 million in originations and secondary marketing income during the fourth quarter, down 67% from the prior period. The MBA said only one in four lenders turned a profit in the final three months of 2022. (Includes data chart.) Read More

Banks’ Mortgage Sales Elevated Compared With Production

Loans sales by banks and thrifts outpaced originations of mortgages marked for sale for the third consecutive year in 2022. The sales boom looks to be coming to an end as loans held for sale dwindle. (Includes two data charts.) Read More

Profits to Take a Hit with Heightened Interest-Rate Risk

Three regional banks failed recently due partly to interest-rate risk. To avoid the same fate, mortgage companies of all stripes are being pushed to give up some profits to manage interest-rate risk. Read More

Weighing on Home Point’s Future: A Possible Sale

Sale chatter has been following Home Point and its MSRs for several months now but with no deal in hand. Still, a resolution could be moving closer. Read More

AI Tools Emerging as Usable Solutions in Mortgage Industry

Firms are building artificial intelligence-based tools for application in various stages of the mortgage process. Compliance concerns abound. Read More

loanDepot’s Debt Price Sinks Below 50. Meaning?

The unsecured debt of several nonbanks continues to trade below par, but in general has held up fairly well. However, not for loanDepot. Read More

Nonbanks Weather Mortgage Volatility With Flexibility

Nonbanks are using short-term warehouse funding to their advantage, ramping up capacity when needed and quickly reducing intake when originations dip, an analysis of nonbanks’ financial statements shows. Read More

Congress Hears Calls for NFIP Modernization

Since its last long-term authorization expired in 2016, the National Flood Insurance Program has undergone several short-term extensions. Read More

Grapevine: Timeline for New Credit Scores; Rocket Offers Credit Card

GSEs set to adopt new credit scores in late 2025; Rocket’s credit card; new president at MISMO. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

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

View Results