Lenders sold a record $114.4 billion of conforming-jumbo loans to Fannie, Freddie and Ginnie during the fourth quarter, a 34% increase from the prior period. (Includes three data charts.)
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When rates increase and loan volumes fall, loan officers tend to stick around instead of heading into the unknown at another shop. But there are exceptions.
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When in doubt, keep MSRs if you can. That seems to be the driving force behind continued growth in the subservicing arena. (Includes data chart.)
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The $1.9 trillion COVID-19 relief bill on its way to President Biden’s desk includes only one provision specific to the residential mortgage industry.
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Nonbanks accounted for a record 71.7% of the $965 billion of home loans produced by the top 100 lenders in the fourth quarter. (Includes two data charts.)
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