The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

UWM: Brokers hurt least by rising interest rates

Here’s why

As interest rates continue to rise, refinances are decreasing, merger and acquisition activity is picking up, and many mortgage lenders are struggling with a decrease in lending activity.

Last week, Freddie Mac reported mortgage rates dipped slightly, but only after nine weeks of consecutive increases, and rates still remain higher than last year’s levels.

And recent data from the Mortgage Bankers Association shows these increasing interest rates caused refinance applications to fall to their lowest level since September 2008.

However, United Wholesale Mortgage explained that mortgage brokers will be the least affected by these increasing interest rates.

There are several reasons for brokers feeling the rising rates less than other sectors of the mortgage market.

Brokers in general thrive in purchase markets, UWM President and CEO Mat Ishbia said in an interview with HousingWire. Ishbia pointed out that brokers typically do less refinances, and therefore the decrease in refi shares will be less likely to affect them.

Brokers are actually in a good position, Ishbia said. While rising rates aren’t good for anyone, they hurt brokers the least.

“Brick and mortgage shops are dying,” he said, explaining that many companies are going back to being brokers in order to keep their prices competitive as interest rates rise. Pipelines are thinner, so they’re looking at other options, he said of the traditional small mortgage shops.

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