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Inside Mortgage Trends

August 4, 2023

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Banks Report Gain in 2Q23 Mortgage Banking Income

Most publicly traded banks reported rising mortgage banking income during the second quarter as production volume and gain-on-sale margins rose. But several industry leaders couldn't gain traction. (Includes data chart.) Read More

Retail Drives Rebound in Q2 Agency Loan Sales

Agency securitizations saw a healthy rebound in 2Q23 after the bleak results of the previous quarter. Retail production of purchase mortgages drove the recovery. Loan quality also improved. (Includes two data charts.) Read More

Mr. Cooper Growing Servicing and Cutting Costs

Mr. Cooper’s servicing portfolio is expanding while the number of employees in the nonbank’s call center is declining. Investment in technology is helping to reduce costs and fuel servicing growth. Read More

Lenders Advised to Tier Loan Originator Compensation

Volumes are down and lenders are racing to cut costs, but some of their approaches may not be the best for long-term success, a Stratmor analyst said. He suggested lenders update their LO comp structures. Read More

Racial Inclusiveness in Advertising Boosts Business

New research shows that when mortgage companies use minority actors in their TV ads, viewers are more likely to apply for a loan with that lender. Borrowers also showed more brand favorability. Read More

New Homes Key to Opening Tight Housing Market

The lack of housing supply continues to constrain home sales and mortgage originations. Read More

Lenders Turn to Holistic Technology to Nurture Leads

Loan originators are increasingly using holistic technologies to reach new leads and nurture old ones. Read More

Lenders Urged to Support Immigrant Homeownership

A new paper by Harvard University’s Joint Center for Housing Studies has called for policymakers and mortgage lenders to play a larger role in removing barriers to homeownership for immigrants. Read More

Grapevine: Better Close to Going Public; FICO Increasing Revenue

SEC approves Better-Aurora merger; FICO increasing mortgage revenue as originations decline; Rithm to spin off most of its origination/servicing business; impact of revised capital requirements for large banks. Read More

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