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Inside Mortgage Trends

October 13, 2023

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Consolidation Helps Drive 3Q23 Surge in MSR Sales

Most of the increase in bulk MSR transfers in the third quarter came from Mr. Cooper’s acquisition of Home Point Financial’s portfolio. But coissuance activity increased more than total agency MBS issuance. (Includes three data charts.) Read More

Housing Officials Look to Scale SPCPs, DPA Programs

The mortgage industry and housing policymakers have more work to do in developing home loan products targeted to helping close the racial homeownership gap, speakers at an Urban Institute conference said. Read More

Documentation Critical for Managing Return to Office

Maintaining internal policies and documenting employees’ work practices are vital to effectively managing the return-to-office transition, according to industry participants. Read More

Delinquencies Rise Across Agency Sectors in 3Q

Delinquencies on securitized mortgages increased in all parts of the agency market during the third quarter. The increase was concentrated in early-stage delinquencies. (Includes data chart.) Read More

Survey Finds Lenders’ AI/ML Adoption Little Changed Since 2018

While significantly fewer lenders have deployed AI technologies over the past five years, the share of lenders who are using the tech in a limited or trial basis has increased, a Fannie survey showed. Read More

Housing Inventory Expected to Remain Constrained

Locked-in low interest rates and large amounts of tappable equity are compounding an already constricted housing market. Read More

Mortgage Fraud Risk Declines in 2023

Increased screening during underwriting helped mortgage fraud risk decline 3.1% compared to last year, according to CoreLogic. Read More

Grapevine: Better’s Staff Down 92%; Lenders Jump Ahead of FHFA

Better went from more than 10,000 employees in 2021 to fewer than 900 as of Sept. 1; lenders start early on 2024 loan limits; mortgage lock-in easing; MISMO initiatives; tool to check for appraisal bias; automated title reviews; insurance platform raises funds. Read More

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