Some credit unions are toying with the idea of selectively trimming their holdings of seasoned residential mortgages. A trend or just a blip in activity?
When it comes to net revenue, MBA had a strong showing in fiscal 2022. But the trade group remains worried about what industry consolidation might do to its numbers going forward.
The severe correction in residential originations is causing turmoil. Not only are nonbanks closing their doors or consolidating, but so too are the warehouse funders that lend them cash. (Includes data chart.)
It’s not exactly the best time for a mortgage company to go public, especially with conventional rates north of 7%. But Better.com pulled it off. Then again, its share price is a nightmare and institutional investors are leery.