With rising mortgage rates, the secondary market has gotten really hot.
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Hi HousingWire readers,
"On average, historically, we'd be selling $100 billion to $125 billion [in MSRs] annually. And now we just did over $110 billion for the month of January." - Tom Piercy, managing director at Incenter
Our coverage of the secondary market has also taken off, especially since we hired Senior Reporter Bill Conroy. Here are some of his top stories over the past few weeks:
Bill writes exclusively for HW+, so if you want to read these articles, you'll need to join. You can get 25% off your HW+ membership by using code "friendsofdiego".
We also partnered with our friends at Refinitiv on a white paper that dives deep into the secondary market.
Happy downloading, and I hope y'all have a great week!
Forecasts take on a new meaning this year as we enter our second year of economic forecasting in a COVID-19 world. This 2022 forecast event that's exclusively for HW+ members brings together some of the top economists and researchers in the housing space, equipping attendees with the insights and data they need to navigate the year ahead.
Join us for an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business and the biggest questions and challenges surrounding 2022.
As the mortgage industry is seeming to shift from a refi market to a purchase market, and lenders seek to offer the most efficient and enjoyable experience for their borrowers, how does appraisal modernization fit in? This webinar will cover:
How changes in the last 18 months have impacted appraisal
The pros and cons of managing your own panel of appraisers
The importance of a top tier borrower experience through high volume
What makes a customer experience that separates the successful from their competition? A combination of providing a seamless, easy and stress-free experience that is continuous for mortgage holders but to also deliver tangible value to the customer beyond the mortgage itself.
Join this webinar to learn how today's most successful servicers are creating customers for life by leveraging integrated technology built around consumer-facing, self-service digital environments.
Large mortgage lenders who haven't made the transition are still considering the move to MBS to realize the benefits of selling their bonds directly to the Street. Many factors influence this decision to move from cash to MBS, including increased gain on sale opportunities driven by specified pool pay-ups.
This white paper will discuss the MBS market and how lenders can use big data to compare loan prepayment performance.
The most advantageous step lenders can take to combat margin compression – that will have an immediate impact, as well as long-term scalability – is to digitize their loan origination process. eClosings in particular drive efficiencies and offer the potential for large cost savings due to less manual work, reduced expenses, increased accuracy and, ultimately, faster funding.
This eBook spotlights how lenders can digitize closings to improve the experience for their customers, reduce costs and close more loans faster.
Whether you're a tax assessor, collector, title company, originator or loan servicer, there is no unified source of truth pertaining to ever-changing collateral characteristics and risks. There needs to be better visibility and insight into those changes across the ecosystem.
The DigitalTax Portfolio Monitoring solution provides a holistic view across the entire lifecycle of a loan, from origination to payoff or transfer, giving servicers the ability to be proactive rather than reactive.
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