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Why the mortgage industry is poised for record M&A activity

Housing Wire

This is projected to be a record year for consolidation among mortgage lenders, largely due to the dramatic shift from a refinance boom to a purchase mortgage market and the total origination volume, which has shrunk to about half the size from 2021. Most recently, Guild Mortgage expressed interest in acquisitions.

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Why industry watchers expect mortgage rates to fluctuate in coming weeks

Housing Wire

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. In addition, U.S. employers added 311,000 last month, outpacing expectations. Median prices were down 12.3% from a record high in June.

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Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. Compass outperformed the industry in Q3 Compass agents were involved in 48,134 transactions in the third quarter, a 12% decline year-over-year.

Principal 434
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How the PLS market is making money on delinquent loans 

Housing Wire

The major market dynamic making EBO deals attractive now, according to KBRA, is a changing of seasons in the mortgage industry, marked by fast-rising rates , high housing prices and a turn toward a competitive purchase-mortgage market. million, with all the loans deemed delinquent. In total, 99.3% are in active foreclosure.

Loans 418
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How the Basel Endgame could impact the mortgage market 

Housing Wire

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. ” However, the regulatory proposal comes amid a shrinking jumbo market.

Mortgages 370
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There’s more blood on the tracks in the non-QM market

Housing Wire

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. billion in assets, has a diverse portfolio of residential and commercial real estate assets. or 7% deals.

Marketing 418
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Fannie Mae unveils $997M reperforming loan offering 

Housing Wire

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The loan offering is being marketed with assistance from Citigroup Global Markets Inc. million; and pool 3, $312.9

Loans 397