Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures in the wake of still-rising inflation and interest rates. We explore who's selling, who's buying, and who's dying. Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures in the wake of still-rising inflation and interest rates. We explore who's buying, who's selling and who's dying.
The mortgage servicing rights market just keeps on ticking even as the overall housing market takes a licking. But market observers are keeping a close watch on Ginnie Mae MSR portfolios.
Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its wholesale channel, multiple sources told HousingWire.
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.