Nonbanks still accounted for 66% of first-lien mortgage production by the top 100 lenders in the first quarter, but depository institutions in the group managed to up their share slightly. (Includes two data charts.)
It was a good news/bad news story for the second-lien market in the first quarter of 2022. Production increased nicely but outstandings fell. (Includes three data charts.)
When interest rates rise, MSRs increase in value. It happened in 1Q22 and is a sure bet for 2Q. But the breadth of the second-quarter gains is likely to be small, advisors warn.