What’s the latest with Ginnie’s management of $19.5 billion in HECMs under its control thanks to the failure of RMF? Hard to say. But it appears that Carrington is handling the servicing chores, possibly, through a subservicer.
It’s a new year and MSR sales are already beginning to heat up. But who will the most active buyers be in 2024? Count on Mr. Cooper, JPMorgan and private-equity-backed investors.
Is the worst of the mortgage market decline finally in the rearview? Maybe. One positive: improving share values of the IPO class of 2020-2021. The best performer in the group: Guild Holdings.
The coming year should bring greater origination volumes to the home finance industry. But CEOs shouldn’t order that new Tesla quite yet. To get there, a spark is needed: 5.5% conventional rates, at least.