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Inside Mortgage Trends

May 17, 2024

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Nonbanks Report Broad Rally in Mortgage Banking

A handful of heavy hitters in the nonbank mortgage world recovered from significant losses in the fourth quarter with solid profits in early 2024. GOS margins were mostly up, along with production volume. (Includes data table.) Read More

Banks Reduce Servicing for Others in First Quarter

The volume of mortgages banks service for other entities declined by 2.0% during the first quarter of 2024. Regions Bank was the only depository among the top 10 to increase its servicing. (Includes data table.) Read More

Denial Rates Steady; Trends Mixed Among Lenders in 2023

Some 13.8% of the total number of applications for conventional-conforming mortgages submitted last year were denied, compared to 14.3% in 2022. Denials for refinances jumped. (Includes data table.) Read More

Lenders, Regulators Work to Measure Climate Risk

The Federal Reserve, FHFA, large banks and the GSEs are all struggling to model the future impact of climate change, both on their specific businesses and on the broader economy. Read More

Lenders Double Down on AI Tools for Efficiency

Rocket and A&D Mortgage have developed new AI solutions, and plan to offer more automation tools in the coming months. Read More

Lenders Eye Verification Waterfall for Originations

Income and employment data verification provider Argyle believes verification waterfalls can help lenders save time and money during the loan origination process. Read More

Borrowers With Long-Past Foreclosures Still Struggling

Researchers at the Federal Reserve Bank of New York tracked the recovery of borrowers who foreclosed in 2008 and borrowers with similar characteristics but who did not foreclose. Read More

Grapevine: AI Guidance for Housing Ads; UWM’s Title Services

HUD issues guidance on mortgage advertising; UWM expands title services for brokers; Freedom issues debt; Incenter offers review services for taxes and insurance; most housing inventory in Florida, Texas. Read More

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