Intraday volatility in the bond market can make it tricky to track day over day changes in mortgage rates. Lenders publish the day’s first rates based on bond market prices around 9:30-10:00am ET, but things can change if bonds move enough. Yesterday, bonds improved enough in the afternoon for many lenders to offer lower rates. […]
Mortgage Rates Lower or Higher, Depending on When You Look Read More »
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%, according to dv01. Processing Content The non-QM segment is growing in terms of programs being offered and by securitization volume. Carrington Mortgage Services recently announced guideline changes which
Non-QM RMBS reaches $78B despite rising impairments Read More »
HomeServices of America’s mortgage unit, Prosperity Home Mortgage, is expanding into loan servicing, a strategic move by the Berkshire Hathaway affiliate that signals a heightened retention threat for competing lenders accustomed to picking up offloaded purchase borrowers. Processing Content By retaining long-term servicing rights in-house, Prosperity eliminates the post-closing handoff to external institutions, creating an
Berkshire in-house servicing pivot escalates retention threat Read More »