With mortgage banking profits under pressure these days, sleep is still being lost over what might go wrong in the nonbank sector regarding Ginnie Mae obligations. One idea: a commercial paper backstop.
Has the trend toward servicing outsourcing slowed? It’s starting to look that way, especially with mortgage rates staying high. Or perhaps this is just a long overdue rest? (Includes data chart.)
The slowdown in home lending offers companies an opportunity to bring on new vendors and change technology platforms. But does this apply to the specialized world of warehouse finance?